A Michigan state senator said that online gambling and sportsbetting regulation bills are expected to be on Governor Gretchen Whitmer's desk by Christmas, making the midwestern state one of a growing number of spots where gambling is evolving.
HB4311 and HB4916 both cover betting, and have gone over a hurdle to get to a committee hearing next week, with votes to come from both the House and Senate. The bills could be voted on rather quickly, with Senator Curtis Hertel saying that he expects the bill on the Governor's desk by Christmastime, with her either signing them into law or vetoing the measure by the New Year.
Similar bills made it to former Governor Rick Snyder's desk last year, when he stunned state politicians by issuing a veto. His concern was that lottery sales would be cannibalized, something that Whitmer has also expressed concern for. It appears that lawmakers are working to soothe those concerns, as all lottery revenues go toward the state's school funds.
The verbiage in the bills would call for state taxes on the activities of between 8-23%, depending on whether the casino is tribal or owned by a corporation. The three casinos based in Detroit would have a 3.25% tax surcharge on top of those numbers. Licenses would cost $100,000 in licensing fees, with $50,000 due annually. It's believed that Whitmer wants to see tax rates of 40% and licensing fees of $1 million.
We're following this story and will update readers as we learn more.