Assembly Bill 601 proposes to amend the definition of a "bet" under Wisconsin law by creating a new provision that specifically excludes certain event or sports wagers. The bill stipulates that a wager made by a person physically located in Wisconsin using a mobile or electronic device will not be classified as a bet if the server conducting the wager is located on the lands of a federally recognized American Indian tribe and if the wager is conducted in accordance with an Indian gaming compact established before April 1, 1993.

This legislative change aims to clarify the legal status of specific types of wagers associated with tribal gaming operations, potentially expanding the scope of permissible betting activities in the state. By excluding these wagers from the misdemeanor classification, the bill seeks to align state law with federal regulations governing Indian gaming, thereby facilitating a more regulated and recognized framework for sports betting in Wisconsin.