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Gambling and Sports Betting News December 12, 2019: Michigan Sports Betting Just Needs Governor Signature

Written by:
C Costigan
Published on:
Dec/12/2019

Here are today's headlines in the world of gambling and sports betting as they happen - Thursday December 12, 2019.


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Michigan Sports Betting Bill Arrives on Governor's Desk

Will she or won't she?  Michigan Governor Gretchen Whitmer just needs to sign off on a series of gambling bills that have arrived at her desk, one of which is sports betting.

The odds are good she will give her blessing after a compromise was made to redo the tax structure to her liking.

House Bills 4916-4918; 4307-4312; 4323; 4173 cover casino gaming, fantasy sports, charitable gaming, and sports betting.

The plan allows the Michigan Gaming Control Board to regulate internet gaming and prohibits casinos from offering online games that directly compete with Michigan Lottery games, according to the Center Square.

The package would tax sports bets at 8.4 percent post-payout, with a tiered tax between 20 and 28 percent on internet gaming, depending on the revenue generated, plus local taxes.

Colorado Stakeholders Want Clarification on Prop Bets

From Sports Handle:

Colorado legalized sports betting by referendum in November and the new law mandates that sports betting be up and running by May 1, 2020. The law allows for retail and mobile sports betting. Hartman said 77 people and 55 companies would be part of the discussion this week.

During the general rules session Monday morning, stakeholders and Hartman agreed that the intent of the law is for betting on high school sports to be prohibited and that betting on e-sports would be allowed. Stakeholders also asked for a more clear definition of prop bets.

The discussion also included talk about how taxes would be paid to the state, the licensing timeline and a reminder from William Hill’s Danielle Boyd that sports betting is a low-margin business and that for every $1 billion in handle, only about $50 million would be taxable revenue.

Our Free Picks Record as of December 12

2019 NFL Record: 3-10 (0%)

2019 College Football Record: 4-2 (66.6%)

2019 MLB Record: 26-18-2 (59%) - No Plays Over -160

2018-19 College Basketball Record: 12-9 (57.1%)

2018-19 NBA Record: 7-5 (58%)

2018 MLB Record: 45-35 (56.2%)

2018 NBA Record: 12-4-1 (75%)

December 11, 2019

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December 3, 2019

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December 1, 2019

November 2019

October 2019

September 2019

August 2019

- Aaron Goldstein, Gambling911.com

Gambling News

The Coronavirus Could Lead More States To OK Sports Betting And Internet Gambling

The Coronavirus Could Lead More States To OK Sports Betting And Internet Gambling

The coronavirus pandemic could lead to a quicker expansion of sports betting and internet gambling in the U.S. as states deal with huge budget deficits and look for new tax revenue wherever they can find it. 

Is Draftkings Sportsbook Legal From Louisiana?

Is Draftkings Sportsbook Legal From Louisiana?

Draftkings does not accept customers from the great state of Louisiana.  A number of other top online sportsbooks are accessible from the state, including Jazz Sports, which is offering a generous welcome bonus with a maximum of $1000.

California, Ohio, Louisiana Sports Betting in Play, Plaza Hotel & Casino Set to Reopen

California, Ohio, Louisiana Sports Betting in Play, Plaza Hotel & Casino Set to Reopen

The likelihood of mobile sports betting coming to California is not very good but land-based tribal casinos could offer in-person wagering at some point.

Man Charged in Scheme That Used Bitcoin to Buy Personal Data

Man Charged in Scheme That Used Bitcoin to Buy Personal Data

A New Hampshire man has been charged in a fraud scheme that involved using Bitcoin to buy stolen personal data belonging to people across the country, officials said. 

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