The year ends in a good slate for the Great Lake State, Michigan. Michigan is well known for its widespread love for sports and his home to many professional players including Detroit Lion, Pistons, Tigers and Red Wings.
According to Casino.org, one writer reports that it was said that on Wednesday, the highly esteemed House of Representatives in Michigan confirmed the proposed amendments or gambling guides from the Senate on a Bill tagged House special Bill 4916. Other sources have confirmed this claim as true.
The bill is now waiting to be signed by the Michigan Governor, Gretchen Whitmer. It is rumored that the likelihood of her approving the bill is very high. In a statement by Tiffany Brown, Whitmer spokesperson, said that the governor is happy about the strides that have been made so far in the gaming industry.
He also added that she is really looking forward to thoroughly review the bill once it is on her desk. This comes after Indiana legalized sports betting in September. The bill was brought forth by the representative of District 2, Brand Iden.
Once it passes to become law, Detroit’s commercial casinos and the state’s tribal gaming areas will be allowed to apply for sports betting licenses, the licenses will cost them 100 000 dollars and will be renewed each year for 50 000 dollars. The revenue earned from the gaming activities will be subject to an 8.4% tax and a further 3.25% tax, which is mandatory by the city on all forms of gambling.
Holders of the license will also be allowed to carry out both land-based and mobile operations. This is in the light of the big role online sports betting plays in a state’s success in keeping records of legal regulated sportsbooks. A case in hand is New Jersey where approximately 83% of all sports earnings this year have been through the internet.
In the same week, another bill, House Bill 4307, was passed by the legislature and is also waiting to be signed by Whitmer. The bill had been part of the 1996 poll suggestion, which had been brought forth in a bid to authorize operations for the three supposedly popular Detroit casinos.
If the bill is passed which the chances are quite high that it would actually come to fruition, persons working in casinos will be allowed to make campaign contributions. In short, they would be allowed to make suggestions towards the selection of a candidate or committee, which would be a pretty great change from the ordinary or normal way of doing things.
Recently, Dan Gilbert, a billionaire of Michigan origin, sold the Greektown casino for 1 billion dollars to the Caesar’s real estate investment trust and Penn National Gaming. He is known to be an active campaigner supporting the Republican candidates.
By allowing gambling within its borders, the state stands to earn more revenue. This is because the money that initially crossed the southern border in the name of betting is now retained in the state.
