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Michigan Adds Sportsbetting to Online Gambling Bill

The state of Michigan may be adding legalized sportsbetting to their state's gambling options after verbiage was added to the state's online gambling regulation bill that would allow for the activity.

Language was added to H4926 this week that would allow for legalized sportsbetting within the state as well as allowing for regulated online betting. The new rider reads: "The division may permit an internet gaming licensee to conduct internet wagering under this act on any amateur or professional sporting event or contest, if that internet wagering is not prohibited by federal law."

The bill stipulates a revenue tax of 10% on all online operators and would likely prove to be profitable like the state of New Jersey, which has a comparable population.

It doesn't appear that the bill will be passed by the end of the year, but the bill's sponsor Rep. Brandt Iden said that it will get the ball rolling should the Supreme Court rule in favor of New Jersey in its attempt to legalize sportsbetting within its boundaries. "That language is in there to start the next round of conversations," he said. "I don't want us to get ahead of ourselves, but we know that is coming - the repeal of PASPA is likely coming in the spring - and we want to put Michigan in position to put our best foot forward as it related to sports gaming."

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bgsharpe
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16 December 2017 - 4:22pm
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I guess that news is pretty good for you Slim? Even though it's still is just in conversations.

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