Hawaii’s push to legalize online sports betting is gaining momentum as HB 1308 advances to the House floor following approval from the Finance Committee. However, the proposal has not secured unanimous support, with some lawmakers voicing concerns over regulation, tax rates, and potential social risks. On February 24, the House Finance Committee approved HB 1308 with a 12-3 vote, although six members who supported it did so “with reservations.” Prior to the vote, Committee Chair Kyle Yamashita introduced amendments to make the bill more palatable, including removing the proposed 10% tax rate and $250,000 licensing fee for further review. Yamashita emphasized that discussions on sports betting regulation should continue, calling the bill “a work in progress.” Meanwhile, a companion bill, SB 1569, is scheduled for a Senate Ways and Means Committee hearing on Wednesday, marking another critical step in Hawaii’s legislative process. Amendments to Licensing and Tax Structure One of the major debates surrounding HB 1308 has been the financial framework… Read More
Category: News
Source: Casino News Daily
