SB 1572: RELATING TO SPORTS WAGERING.

Establishes the Hawaii State Sports Wagering Commission within the Department of Business, Economic Development, and Tourism.  Establishes licensing requirements for sports wagering operators.  Establishes penalties for violations.  Specifies that sports wagering shall not be considered games of chance or gambling.  Allows the commission to conduct background checks on applicants for a sports wagering operator license and persons in control of applicants for a sports wagering operator license.  Requires tax revenue collected from sports wagering to fund certain initiatives, including 50 per cent for public education programs and 25 per cent for affordable housing.  Requires the commission to submit annual reports to the Legislature.