With Governor Gretchen Whitmer’s approval, Michigan will soon be able to authorise regulated sports betting on commercial casinos and 23 tribal gaming venues in the state’s trio. Senators signed off this week’s Bill 4916, which introduced legal sports wagering in the state, and will now continue to the House of Representatives in Michigan.
The bill was passed as part of a wider betting programme enabling registered tourists and locals to wager on sporting events and play virtual blackjack, slot machines and poker.
Under the terms of the new legislation, players will have to pay a $50,000 application fee plus $100,000 for a sports betting licence and $50,000 a year after. The tax rate on adjusted gross revenue from sport wagers was set at 8.4 percent, with a further 1.25 percent city tax imposed on Detroit.
Ironically, operators providing in-play betting will be forced to use only official league data, although the Michigan Gaming Control Board has space for wriggle when it can be proven that such data costs are considered commercially unviable. In addition, only one internet sports betting platform will be limited to operators.
Michigan sports fans could be able to place wagers in preparation for next year’s March Madness basketball tournament, all being well and going to plan. At least that’s Republican Brandt Iden’s main hope, one of the bill’s backers.