Whispers of Michigan sports betting might begin to get louder after the recent passage of a gambling bill by the state legislature.
A single line tucked into House Bill 4926, could potentially legalize sports betting throughout the state.
“The division may permit internet gaming operators licensed by the division to accept internet wagers under this act on any amateur or professional sporting event or contest.”
The division referenced, might be the Division of Internet Gaming, a new entity created within the Michigan Gaming Control Board (MGCB).
The bill would allow the division to issues licenses for mobile or online platforms, which appear to account for all Michigan sports betting. However, this bill gives power to regulators to issue licensees, but they are not required to do so.
The bill now awaits the signature of Gov. Rick Snyder.
A look inside the Michigan bill and sports betting
Despite all the moving components, sports betting is likely coming to Michigan in 2019 or 2020. The is also a possibility that the MGCB simply waits for more comprehensive to be passed during the 2019 legislative session.
The bill itself also includes a 15-month waiting period before the launch of any form of online gambling. This gap most likely allows for all parties to launch at roughly the same time.
The tax rate appears favorable for commercial casinos and online gaming activities. The bill imposes a 1.25 percent tax on online gambling which will go directly to the city of Detroit.
Add the relatively low eight percent tax rate on gross gaming revenue and that comes out to 9.25 percent total.
Licensing fees appear to be industry-friendly. Each operator will pay $200,000 for five years, with a renewal fee of $100,000.
What will you be able to bet on Michigan?
If the bill does become law, bettors in Michigan will likely have a wide array of things to be on and ways to bet.
- All major sports will likely be covered by Michigan sportsbooks
- You will be able to bet in Michigan casinos, at betting windows and self-serve kiosks.
- There will be sports betting apps on which you can place wagers from your phone.
There are lots of details still to be worked out, but Michigan sports betting appears to be on its way.