In 2024, Hawaii State Senator Ronald Couchie has introduced SB3376, a legislative proposal aiming to partially legalize online poker and sports betting. The bill suggests establishing a single-operator marketplace overseen by the seven-member Hawaii Gaming Control Commission (HGCC). The regulatory body would select a sole operator, granting them the opportunity to renew their license every decade.
Senator Couchie emphasizes that the primary goal of SB3376 is to address the issue of illegal online gambling prevalent among tens of thousands of Hawaii residents. By regulating the market, the state hopes to not only combat illicit activities but also generate revenue that has been lost to unlicensed online casinos. The proposed legislation is designed to bring about financial benefits for the state.
The chosen licensee would be authorized to provide sports betting and online poker services, excluding traditional casino games. Financial arrangements outlined in the bill involve a unique profit-sharing model, commencing with a 70% share for the government and 30% for the operator during the inaugural year of operation. The introduction of SB3376 reflects Hawaii's ongoing efforts to navigate the complexities of online gambling while seeking to strike a balance between regulation and revenue generation.
