Michigan’s House Regulatory Reform Committee has approved three different bills that could legalize sports wagering in the state.
Sounds good? Yes, but….
Estimates by the policy makers show that a full legal sports betting framework to be in place and operative in the Wolverine State.
However, the big question is: when would it be ready?
The earliest is around February, just in time for the Super Bowl but missing nearly the entire NFL regular season.
See it as you will: glass half empty or half full. The efforts for House Bill 4916 should allow all Michigan operators to offer mobile and on-site sports bets, including Detroit’s three commercial casinos plus the 23 tribal casinos.
Among the issues around the bills that have yet to be agreed upon is the rate of tax that should be levied on sports gambling.
Current proposals for an 8% tax for tribal casinos and 11.25% for Detroit’s commercial facilities have been deemed too low. It has been suggested that a more punitive rate should be in place, such as 40% for online gaming and 15% on sports betting.