Michigan Could Offer Online Gambling By End of 2016
There is optimism that the state of Michigan will become the fourth state in the US to legalize online gambling and possibly by the end of this year. Sen. Mike Kowall told Cardplayer.com that he believes there is enough time to get online gambling approved by yearend. Online casino games have been in the cards since 2014 in Michigan who took a decision to try online lottery first back in 2014.
Kowall introduced his online gambling bill (SB 899) in April this year where it passed by 8-1. The bill now faces final talks in November or December where Kowall is confident it will pass. In terms of the bill casinos will have to pay a $5m licensing fee as well a 10% tax levy on gross gaming revenues. Initially there will be only be eight licenses available.
The states gambling revenues are made up of 23 tribal casinos who generate around $1.5 billion annually and three Detroit casinos who generate around $1.4 billion annually. If SB 899 is passed, it will mean that online gambling will be an option potentially by Christmas time after years of planning.