Written by :
Published on :
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.
|
*50% signup bonus up to $1000 |
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
