House Committee Approves Hawaii Sports Betting Bill HB 2765

by | Feb 8, 2024 4:19 pm | Legal | 0 comments

House Committee Approves Hawaii Sports Betting Bill HB 2765

Hawaii Legislature

  • The House Economic Development Committee approved a Hawaii sports betting bill on Wednesday.
  • Hawaii House Bill 2765 would regulate sports betting in Hawaii if successful.
  • Key amendments to the bill made the minimum betting age 18 years old and changed where tax funds would go.

HONOLULU – The House Committee on Economic Development approved a Hawaii sports betting bill on Wednesday. Rep. Daniel Holt’s sports betting bill, House Bill 2765, would regulate online sports betting in Hawaii.

Holt also sponsors House Bill 2762, a casino gambling bill that would bring a casino to the Aloha State. Both the casino bill and the Hawaii sports betting bill passed by a 5-2 vote and referred to the House Committee on Consumer Protection and Commerce or Judiciary and Hawaiian Affairs.

Key Amendments Impact Betting Age, Funds Allocation

The Hawaii sports betting bill successfully passed out of the committee but not without multiple amendments. One of the amendments reduced the minimum betting age, meaning anyone 18 or older can use the legal March Madness betting sites to bet on the Hawaii Rainbow Warriors or other college sports teams.

Wednesday’s discussion of HB 2765 contained plenty of discussion on the allocation of sports betting tax revenue. Amendments to the bill redirected revenue to the Hawaii Department of Law Enforcement to prevent illegal game rooms from operating in the state.

Funds also will go towards a gambling mitigation program that has yet to be established in Hawaii. Bill details claim that any legal sports betting operator can apply for a Hawaii sports betting license if they’re active in at least three other states.

The bill details didn’t establish a tax rate, but estimates project Hawaii to earn roughly $9 million in annual sports betting tax revenue. It’s assumed that popular legal online sportsbooks like FanDuel, DraftKings, and BetMGM will apply for betting action in the Aloha State.

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