Michigan is the most recent state that has finally allowed the local operations of sports betting. It legalized both retail and mobile betting in December of last year, but it has been trying to do so since 2015.
It’s a state that has authorized gambling in the casinos on non-tribal land in Detroit. The law that governs this was the Michigan Gaming Control and Revenue Act of 1996. However, there was no mention that betting was allowed and so the state never really took wagers from their locals as well.
The increasing number of states that are now allowing sports betting may have triggered the move of Michigan towards the legislation of betting. It’s now the 19th state that has finally legalized betting, along with New Jersey, New York, West Virginia, Illinois, and many more.
Governor Gretchen Whitmer was the one who signed sports betting into law. This allows mobile betting and betting in physical or land casinos and tribal casinos throughout the state. The tax to be paid for in sports betting is at 8.4 percent. However, Detroit has a specific law regarding taxes for gambling activities and so the city will have to 1.25 percent more.
Many are already waiting for a launch date, but there’s none yet. Onsite betting may already be rolling out soon, but online betting may take longer than what everybody is hoping. Betting in land casinos may start to happen by spring, according to Michigan’s regulatory agency.
According to Mary Kay Bean, the spokeswoman for the Michigan Gaming Control Board, signing sports betting into law is just really the start of the process of having to finalize the rules for local betting. Bean estimated that it may even take a year to write and finalize the rules.
It may even take that long to finalize the rules that the three commercial casinos in Detroit and 24 tribal casinos to be able to get mobile sports bettor operating licenses. Bean explained that since they are hoping that betting could begin by spring, they are also hoping it would begin just in time for the NCAA men’s basketball tournament.
According to Bean, “We are at a very early stage of this process. The agency must establish several sets of administrative rules, which pass through many levels of review. The timing of implementation depends not only on our agency but also on decisions other departments, agencies, and the Legislature make along the way.”
“Timing will depend on how quickly we receive applications, can approve the casinos’ internal controls and are able to issue required licenses,” Bean also added.
The tribes can also get a license for mobile sports betting. Aside from that, the platform providers and other suppliers partnered with the tribes will also need a license.
With all these, it’s impossible that local mobile betting will be available to the locals this year. While waiting, however, the locals can still place their bets online as long as they do this with offshore bookies. Silent Bet is a site that reviews the best online bookies. Punters should visit this site to check how reputable an online bookie is to avoid the risks of wagering offshore.
Surely, Michigan will be missing out on a lot of revenue until it launches mobile betting as well. Experts believe that 90 percent of sports gambling in the US will be done through mobile phones or the internet in the next years.
After all, mobile technology seems to be the future of everything. Still, Michigan is off to a great start since part of the law is allowing online or mobile betting. They just need to figure out the ground rules before they finally execute it.
States like New York have it differently. New York has already signed sports betting into law, but not mobile betting just yet. It’s mainly because of this that New York isn’t really gaining the revenue it was hoping to get. New York punters are just not really up to drive upstate just to place their wagers in a physical or land casino.
In fact, New Jersey is the state that’s benefiting from the lack of mobile betting in New York. New York punters would rather ride the train to New Jersey to place their bets with their mobile devices. Now, Michigan may not get their desired revenue in the first year once betting is launched locally. The addition of mobile betting into the mix is what can really help the state get its desired revenue.