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The state of Michigan is set to legalize sports betting as bills are currently sailing through the legislature and is expected to be signed by Governor Gretchen Whitmer now that a compromise appears to have been reached regarding taxation (8.4%).
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Tax Matters
That 8.4% tax will be imposed on operators, not the gamblers. Nonetheless, this low number when compared to the 36% tax in Pennsylvania ensures the industry in Michigan can be competitive. This means that sports bettors will likely be able to find the best lines on games in addition to a wide variety of wagering options.
When Will Sports Betting Be Coming to Michigan
If passed sports betting could be available as early as this upcoming March Madness tournament. Michigan State and Michigan should both be making appearances in the Tournament.
Limitations
The Michigan legislation mandates the use of official league data for in-play wagers.
Mobile sports wagering will be permitted.
The minimum age requirement is expected to be 21 to bet sports, though the minimum age for pari-mutuel wagering is 18.
- Don Shapiro, Gambling911.com
