Online Gambling Could Be Coming to Michigan by March

Online Gambling Could Be Coming to Michigan by March

Online Gambling Could Be Coming to Michigan by March

House and Senate lawmakers in Michigan have cleared the way for legal online gambling. Recent gambling bills have now passed the House and Senate according to a report on www.freep.com in Detroit. They now await approval from Gov. Gretchen Whitmer. She is expected to sign the bills into law. This would clear the way for four different forms of real money online gambling as early as March, 2020.

The package of approved Michigan online gambling bills include:

  1. Online Casino Gambling
  2. Mobile Sports Betting
  3. Online Horse Racing
  4. Internet Fantasy Contests

The measures were approved last week by a bipartisan majority in the Senate. The House passed the bills at an earlier date. The process was delayed a bit due to matching the House and Senate versions. With that task accomplished, the last hurdle is the governor’s approval. The overall start-up process of online gambling in Michigan could drag into early next year.

The actual timeline for when online gaming would go live is unknown. However, there is a push to have things up and running in March. Discussions still need to take place covering rules and licensing. There could also be a delay on the operators’ end.

State Sen. Curtis Hertel, D-East Lansing remains optimistic for a fast turnaround. In reference to the men’s 2020 NCAA Tournament in college basketball, he stated, “My hope is that by March Madness, it will be live.”

Under the bill covering Michigan online casino gambling are provisions for:

  1. Online Poker
  2. Real Money Blackjack
  3. Online Slots
  4. Other Casino-Style Games

Sports betting online is covered in separate legislation as are fantasy contests and horse race betting.

There would be a $100,000 initial licensing fee for online casino operators. There would also be a $50,000 annual licensing fee. The process starts with a $50,000 application fee. Online gaming would be taxed at a rate of 20% to 28%. This is based on adjusted gross gaming receipts.

Legislation also calls for an Internet Gaming Fund funded by annual licensing fees. This would cover administrative costs plus annual payouts to support first responders. Money would also go to responsible gambling efforts and the School Aid Fund.

Tax money collected on online game revenue is earmarked for the hosting cities as well as the Internet Gaming Fund. Up to $3 million annually will support Michigan’s horse racing industry.
Sports betting would be added to land-based casinos as well as online. It would be taxed at 8.4%. Detroit casinos would pay an additional 3.4% in sports betting tax. The collected money would be divided in basically the same fashion as online casino gambling.

Fantasy contests would also have to be licensed through the state. Operators would pay an initial $10,000 fee. There would also be a $5000 fee annually. Fantasy sports would be taxed at the same rate as online sports betting (8.4%).

Horse betting online would involve licensing third-party facilitators. They would take bets on horses electronically. This is in addition to betting on live and simulcast races at the actual tracks.

Jack Gold

Jack Gold

Jack Goldstone grew up in Poland in a very small and Suburban town until he was 7 years old when his family migrated to San Francisco, California where his grandparents lived.  He spent a lot of time with his grandfather, who taught him how to play poker when he was very young.  Having a fascination with video games and their graphics, he enjoyed poker and always thought on how he could use his skills for video games. In high school, Jack and his friends would spend hours playing Nintendo and Sega Genesis. He began to ask his friends if they would like to place a wager on the outcome of the game (and this was way before esports betting). He felt it made the games even more exciting and eventually taught his friends how to play poker. Jack put his himself through San Francisco State University by playing in poker tournaments in the San Fransisco area. While he was a junior in 2015, he joined PlaySlots4RealMoney.com to cover poker news and eventually started to cover the entire igaming industry. Since then, Jack has graduated from San Francisco State University with a degree in finance and began to start his career trading stocks and continuing to work at PlaySlots4RealMoney.com. In Jack's free time, he likes to cook (specifically grill), play paintball, and wine tasting.

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