MADISON, Wis. – Yesterday, as part of a bipartisan group of legislators, Representative Kalan Haywood (D-Milwaukee) introduced LRB-4723/1, which would bring Wisconsin in alignment with 39 other states that have legal sports wagering. The bill excludes a sports wager conducted under certain conditions to be excluded from the statutory definition of a “bet.” This model aims to generate revenue for the state, tribes, and municipalities, and provide a safer, more transparent experience for consumers. In response, Rep. Haywood released the following statement:
“This legislation is an important step to bring Wisconsin in alignment with the majority of the country in regards to sports wagering. For too long, illegal, offshore entities have profited from consumers through unregulated sports wagering, without generating revenue for local economies. By regulating this multi-billion-dollar industry, we can provide a safer mobile wagering experience for Wisconsin consumers, and generate much needed revenue to invest into our communities.”
