According to a story released by the Associated Press several days ago, the measure was finally signed into law by the forty-eight-year-old Governor which allowed every one of the twenty-six casinos active in the state to apply for sports betting licenses. It was also revealed that tribal venues will be subject to revenue taxes of 8.75%.

Moreover, for several of Detroit-based commercial casinos including the MGM Grand Detroit, MotorCity Casino Hotel and Greektown Casino-Hotel facilities, this revenue tax rate is set a bit higher at 12% in order to reflect Detroit’s duty of 3.25%. All in all, the city hopes that these gambling facilities will start accepting their first online wagers before March when the NCAA Division Men’s Basketball Tournament starts.

Established Tax System for Online Operators

When it comes to online casino and online sports betting operators, the recently approved legislation by the state’s Democratic governor has also established a leveled tax system which initiates at 4% of gross gaming revenues before topping out at around 23%. This time around the three Detroit-based casinos including the MotorCity Casino, Greektown Casino Hotel and MGM Grand Detroit facilities are once again subject to a higher tax rate as their local duty towards the city regarding revenue taxes is going up to 26.25%.

As stated by the state’s Governor Gretchen Whitmer, legalizing online sports betting and online casino gambling will help the state increase its funds aimed at public schools. She also told the Associated Press news outlet that legalizing iGaming activities within the state’s borders will also help the state designate cash flow which will be aimed at emergency service workers who feel sick as a direct result of dealing with fires.

Moreover, the Democratic governor also declared that her biggest priority when it comes to negotiating the most recent legislation was to make sure that the new gambling forms legalized within the state’s borders do not hurt the state’s $15.1 billion-worth school aid funding that is backed by the state’s lottery.

The Three Detroit Casinos Planning to Open Their Online Sportsbooks

As reported by the Associated Press, the newly signed piece of legislation will allow all fans of online casino gambling and online sports betting who are over the age of twenty-one to use their mobile devices or their desktop computers to enjoy online casino games offered by land-based casinos in the state of Michigan. Moreover, in order to enjoy these activities, players have to be physically present within the state’s borders.

It was also additionally detailed that the three Detroit-based casinos will be probably the first to open online sportsbooks before they add other online operations including adding online casino games and online poker. Commenting on the news, Vice President of Community and Public relations for the Greektown Casino-Hotel venue Marvin Beatty told to the Associated Press that his facility is extremely excited to explore the possibilities which come with the latest piece of legislation that legalizes iGaming activities in the state. He also added that Greektown Casino Hotel just like MotorCity Casino Hotel and MGM Grand Detroit will have a new facility within its venue specifically designed for sports betting fans.

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According to one report released by the Detroit Free Press news outlet, the already proposed legislation related to sports betting known as the House Bill 4916 has been set to join related compatriots as the Michigan State Senate faces related considerations. The House Bill 4916 has been passed for quite some time now by the one hundred and ten-member board via a vote of sixty-three to forty-five.

In the case of this proposed legislation being fully ratified by the state’s Governor Gretchen Whitmer, it would immediately institute a tax of 8.75% on all sports betting revenues. Moreover, it would also levy a duty of 3.25% on all wagers placed within any of the three casinos located in the city of Detroit. All in all, if the proposed legislation including House Bill 4916 gets fully ratified by the state’s Governor and the Michigan State Senate, residents of Michigan would soon enjoy fully legal sports betting activities.

The Campaign to Bring Betting Activities to the State

The Michigan House of Representative and one of his leading figures Brandt Iden is definitely set on bringing sportsbetting activities to the state. As revealed by Brandt Iden, this Midwestern state could enjoy a massive revenue of around $30 million just form sports betting wagers. Brandt Iden as the leading figure in the massive campaign also said that the state of Michigan in the case of legalizing sports betting activities could enjoy $225 million of gross gaming revenues form betting sports only.

This Republican also detailed that this legislation if passed would make the state of Michigan an extremely attractive iGaming market for many renowned operators especially as the already proposed levy of just 8.75% would be among the lowest in the USA behind the state of Nevada’s whose levy is around 6.75%.

Commenting on the news, one of the state’s representatives, Mr. Webber said to the Detroit Free Press news outlet that many states including neighbors of this Midwestern state have already made steps to legalize such gaming activities. He also added that these states have also already reaped the advantages of such actions. In the case of Michigan following their steps, the state could easily generate another massive revenue that can be used for public services, improving education, school systems and much more.

The Institution of a Revenue-Dependent Structure on Taxes

As reported by the Associated Press service, the measures on online sports betting and gambling which was passed to the Michigan House of Representatives via a sixty-two to forty-four margin definitely calls for the specific institution of a revenue-dependent structure for taxes which would start at four percent before it goes to twenty-three percent. It was also reported that this particular legislation would impose an additional duty of 3.25% on wagers placed at Detroit-based casinos. This extra duty, when combined with the other revenue pieces, adds an extra $100 million to the state’s budget. All in all, it remains to see what will happen with the proposed legislation and how the Michigan State Senate plans on handling it.

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