Sec. 21.
(1) An internet gaming operator shall provide to the board a monthly report regarding its internet gaming operations under this act to include all of the following by game category, including, but not limited to, internet slots, poker, and table games:
(a) Total amount of wagers received.
(b) Payouts.
(c) Free play redeemed.
(d) Deductions.
(e) Adjusted gross receipts.
(2) The board shall provide the report under subsection (1) to the department of treasury, the state budget office on request, and the house and senate fiscal agencies on request. In addition, the department of treasury and the state budget office may request additional information from the internet gaming operator, that is directly related to, and for the purposes of verification of, the financial data provided under subsection (1)(a) and (b), which must be provided within 60 days after the request. Any information provided under this section is confidential and proprietary and is exempt from disclosure under the freedom of information act, 1976 PA 442, MCL 15.231 to 15.246.
History: 2019, Act 152, Imd. Eff. Dec. 20, 2019
Structure Michigan Compiled Laws
Act 152 of 2019 - Lawful Internet Gaming Act (432.301 - 432.322)
Section 432.301 - Short Title.
Section 432.302 - Legislative Findings, Declaration, and Intent.
Section 432.303 - Definitions.
Section 432.308 - Internet Gaming Supplier License; Application; Form; Fee; Confidentiality.
Section 432.312 - Statewide Responsible Gaming Database.
Section 432.313 - Prohibited Conduct; Violations; Penalties.
Section 432.314 - Graduated Tax; Exception.
Section 432.315 - Allocation of Tax.
Section 432.315a - Allocation of Certain Payments.
Section 432.316 - Internet Gaming Fund.
Section 432.316.amended - Internet Gaming Fund.
Section 432.317 - Scope of Act.
Section 432.319 - Application for License; Criminal History Background Checks; Fingerprinting.
Section 432.321 - Monthly Report of Internet Gaming Operations.
Section 432.322 - Application of Act to Sale of Internet Lottery Games.