How Much Tax Do I Have to Pay on Michigan Sports Betting Winnings?

Written by:
Don Shapiro
Published on:
Dec/30/2019

The Dass Lawfirm tells WXYZ Detroit that sports bettors will be required to pay upwards of 9% on any winnings in the state of Michigan.  If true, this would give sportsbooks licensed outside the state but accessible to Michigan residents a tremendous advantage as they do not report taxes to government agencies.  Nor do local bookies for that matter.

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It is still unclear when Michigan sportsbooks will be up and running.  Governor Gretchen Whitmer signed a bi-partisan bill into law earlier this month to allow retail and mobile sports wagering. It could bring in nearly $20 million a year, according to the Michigan Department of the Treasury.

 

- Don Shapiro, Gambling911.com

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