Legislation Promoting Sports Betting Clears Senate Vote in Hawaii
Let's Dive into the Gambling Scene in Hawaii!
By: Mike Savio - April 11, 2025
You're in luck, sports fans! The gambling landscape in Hawaii might be changing soon. Today, we're talking about HB1308, a bill that could potentially shake things up.
Mike Savio, your go-to guy for all things casino, has been following Hawaii's gambling scene like a hawk, from the bright lights of Vegas to the current online boom. Mike's articles at casinos.com are the place to be for in-depth reviews, industry news, and expert insights. Let's hear what he has to say about HB1308!
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The Current State of HB1308
The Hawaii Senate recently passed a new version of HB1308, introducing digital sports betting to the mix. The House will now weigh in on the changes made by the Senate.
According to Mike's latest reports, some lawmakers are concerned that illegal gambling is on the rise in the state, making this bill all the more important. And unless something changes, HB1308 could help address this issue head-on.
What's Included in HB1308?
Here's the lowdown on what HB1308 proposes:1. At least four online sportsbooks will be allowed.2. A 10% tax rate on sports betting revenue, with a $250,000 license fee.3. Fantasy sports will be legal and regulated by the state's Department of Law Enforcement.
But the bill isn't final yet. It's currently being hammered out by a conference committee, with two weeks to reach an agreement before the legislative session wraps up. Will they make it? Stay tuned!
The Impact on Illegal Gambling
Legalizing sports betting could have a significant impact on the rise of illegal gambling in Hawaii. By providing regulated, safe options, lawmakers hope to shift individuals away from illegal markets. Plus, the revenue generated could help fight illegal gambling operations.
But don't take our word for it. Check out Mike Savio's latest at casinos.com for an in-depth look at what this bill could mean for Hawaii's gambling scene!
- Mike Savio, a renowned casino expert, discusses HB1308, a bill that could allow online sports betting in Hawaii, following its progress from the Hawaii Senate to the House.
- With lawmakers' concerns about the surge of illegal gambling in the state, HB1308, if passed, intends to address this issue directly by legalizing sports betting and regulating fantasy sports.
- Under HB1308, at least four online sportsbooks would be permitted, with a 10% tax rate on sports betting revenue and a $250,000 license fee.
- The bill is currently in discussions by a conference committee, aiming to reach an agreement within two weeks before the legislative session concludes.
- In his latest articles at casinos.com, Mike Savio provides valuable insights on how HB1308 could reshape Hawaii's gambling scene, potentially reducing the influence of illegal gambling operations.
