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п»їOnline sports betting is now live in Michigan.
MICHIGAN — With online sports betting now live in Michigan, analysts are predicting it could bring in millions of dollars in tax revenue.
At 12:00pm Friday afternoon, 10 companies launched their online betting platforms in the state. 5 more are expected to launch in the near future.
“When the market matures, we're talking about $50 million probably for the state of Michigan in tax revenue,” said Matt Schoch, a gambling analyst for PlayMichigan.
"We're talking about maybe $8 billion in sports bets annually here in the state of Michigan when the market matures, as time goes on."
Schoch says New Jersey saw about $6 billion in wagers in 2020.
It hasn't been a quick road to get to this point. Schoch says “It's been about 2016 that they started putting bills in Lansing to make this happen. They had it almost figured out in 2018, but then Governor Rick Snyder vetoed it at the last minute."
A year later, Governor Whitmer would sign those bills into law.
Schoch says he is excited to see how the platforms that tribe-owned casinos in West Michigan launch fare against more corporate options like FanDuel and DraftKings.
"Particularly Four Winds down in New Buffalo and Firekeepers in Battle Creek, Soaring Eagle in Mount Pleasant, they're going to have their own self-branded apps."
If you or someone you know has issues with gambling addiction, you are encouraged to check out the resources at Good Luck Mate.


Michigan Online Sports Betting and Gaming Launch Date Expected Shortly.
Scott W. Grau/Icon Sportswire via Getty Images. Pictured: Michigan Marching Band flag section.
The wait for Michigan online sports betting, casino gaming and real-money poker is in its final days.
The date and initial operator list for Michigan’s long-awaited online gaming launch will be announced by Jan. 18 at the latest, said Michigan Gaming Control Board Executive Director Richard Kalm at a meeting Tuesday. Assuming all approvals are met, Michigan residents and visitors will be able to deposit and wager with the first wave of online operators by the end of the month.
“We’re very close. I wish I could give an exact day and time, but each day that changes,” Kalm said. “We’re gathering information daily. So we’re very close. That’s the best answer I can give right now.”
After more than a year of waiting, Michigan’s online sports betting launch appears it will be ready to go before the Feb. 7 kickoff to this year’s Super Bowl, historically the single highest-grossing event for U.S. sportsbooks.
Michigan Launch Comes into Focus.
Though officials at Tuesday’s board meeting wouldn’t disclose publicly the go live date or initial approved operators, a timeline for online gaming in Michigan is coming into focus.
After MGCB officials grant the go live date, which could come in the next few days, it will still be four or five additional days after that until the first operators can accept bets, Kalm said, during which time mobile operators must pass final testing and certification. Michigan’s 2019 sports betting law also requires at least one of the state’s commercial casinos and one of its Native American casinos earn their respective online wagering licenses before betting can begin.
Kalm reaffirmed Tuesday the exact timeline remains in flux, but that should still allow the first bets to be placed before the end of January.
In the meantime, Michigan bettors can begin downloading sportsbook and iGaming apps ahead of the launch. Michigan’s three commercial casinos along with a dozen tribal casinos have already formalized online sports betting and iGaming partnerships.
Partner operators such as DraftKings, FanDuel, BetMGM, Barstool Sports, PointsBet and William Hill are among the dozen or so sportsbooks expected to go live on or near the official launch date. Retail sports betting began in March 2020, but multiple casino closures due to the COVID-19 pandemic have handicapped wagering options and fueled interest in the online launch, which is projected to make up as 90% or more of total betting handle.
The 10th-largest state by population, Michigan is set to be one of the largest sports betting markets in the country. It will be the second most populated state with both online sports betting and iGaming, trailing only Pennsylvania.
Long Rollout Nears Conclusion.
Signed into law by Gov. Gretchen Whitmer in December 2019, Michigan’s package of online sports betting, poker, iGaming and daily fantasy regulations underwent more than a year of review, rulemaking and certification. Michigan regulators were required by state law to craft rules, take public comment, submit a financial impact statement and receive final sign off from a state legislative body, a process that wasn’t completed until last month.
Kalm said officials turned around the required gaming rules faster than any other set of regulations in his 13 years with the MGCB. Officials also expedited occupational, vendor and supplier licenses, a process Kalm said still took significant time as officials had to not only write and earn certification for their proposed rules, but then license three commercial and 12 tribal gaming operators as well as their affiliates and partners.


Online sports betting included in N.Y. gaming study.
by: Sarah Darmanjian.
Posted: Jan 27, 2021 / 04:34 PM EST / Updated: Jan 27, 2021 / 04:34 PM EST.
This Sept. 5, 2019 photo shows a gambler making a sports bet at Bally’s casino in Atlantic City N.J. Participants in a national sports betting conference on Dec. 1, 2020, agreed that huge holes in state budgets due to the coronavirus outbreak, and the demonstrated eagerness of fans to bet on sports are likely to spur a further expansion of sports betting and online casino gambling in the U.S. (AP Photo/Wayne Parry)
ALBANY, N.Y. (NEWS10)- The legalization of mobile sports betting has the potential to be a significant source of tax revenue to the state. Governor Andrew Cuomo said it could generate millions for education.
It’s part of Gov. Cuomo’s 2022 Executive Budget along with the legalization of recreational marijuana. He said the hope is that tax revenue from sports betting will be able to help with the estimated $15 billion budget shortfall from fiscal years 2020-2021.
“New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis,” he said.
Gov. Cuomo briefly touched on how mobile sports betting might work once legalized in his State of the State address. It could be run similar to how the lottery is or run by casinos. The Governor said he favored the lottery model with the estimated $500 million in tax revenue going directly to the state.
Three scenarios were presented in a Gaming Market Study done by Spectrum Gaming Group for the New York State Gaming Commission, which would oversee mobile sports betting. The scenarios include digital and retail betting and a combination of the two with the inclusion of casinos run by Native American Tribes.
Retail betting at N.Y.’s commercial and Native American casinos. Retail betting at N.Y.’s commercial and Native American casinos as well as video lottery terminal and off-track betting facilities. Retail betting at N.Y.’s commercial and Native American casinos as well as video lottery terminal and off-track betting facilities. Includes separate scenarios surrounding which Native American tribes/regions can offer mobile sports betting.
The Gaming Market Report assumes a 10% tax on mobile sports betting for all three scenarios. The highest tax revenue is estimated for scenario 3A, which includes expanded retail (non-Native American) and digital sports betting. They also said they expect sports betting tax revenue would stabilize three to five years after legislation implementation.
Estimated tax revenue (millions) Scenario 1 $4-$5 Scenario 2 $19-$27 Scenario 3A $74-$104 Scenario 3B $72-$99 N.Y. Gaming Market Study.
“This report provides a valuable tool for the Commission and policymakers to use as discussions continue on the future of the gaming industry in New York. This report should assist with making sound fiscal decisions,” said Commission spokesman Brad Maione.
Bipartisan legislation was introduced in early January that would give casinos the ability to provide online sports betting. The bill imposes an 8.5% tax that would have to be paid by casinos providing the service.
Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


The 4 best Virginia sports betting sites and apps.
The sports betting world was dealt a pleasant surprise on Jan. 20 when FanDuel, a leading sportsbook in the U.S., announced that it would go live in Virginia starting the next day, Thursday, Jan. 21.
Since then, a few more books have joined the party, giving Virginia sports bettors some options in the space.
Virginia has reasonable fees and a favorable tax rate (15%), which should encourage even more operators to enter the competitive field. It’s fair to expect most major sportsbooks in the U.S. to seek regulator approval as soon as possible.
The 4 Best Virginia Sports Betting Sites & Apps.
You might recognize BetMGM as a casino brand, but it’s becoming a major player in the United States sports betting market, with operations in a handful of key states already.
MGM offers an easy-to-navigate website and app, competitive bonus offers and some niche-but-favorable betting rules like ties paid in full for golf finishing position bets.
2. DraftKings.
Unsurprisingly, DraftKings has been among the leaders in the U.S. so far thanks to its existing DFS user base and massive marketing arm. The company has expanded as fast as it can, moving into every state possible in the last 18 months.
DraftKings boasts one of the most expansive selections of NFL player props, offers great prop-betting markets like top-30 and top-40 finishes in golf, and has among the best mobile apps in the market.
Like its DFS counterpart, FanDuel got out to an early lead in the U.S. and has been building upon it.
FanDuel also recently combined its wallets so you can use the same money for DFS and sports betting.
Its biggest downsides are that it can be difficult to find smaller markets like props because they’re buried so far in each game.
4. BetRivers.
BetRivers is an online sportsbook that also operates in Colorado, Illinois, Pennsylvania, and Indiana.
BetRivers is owned by Rush Street Gaming, which also owns sister sportsbook SugarHouse in New Jersey and Pennsylvania and multiple casinos throughout the country.
While BetRivers’ platform isn’t as slick as some of its competitors, the new-customer bonus offer, in addition to crucial features for existing users (odds boosts, cash out, rewards points), makes BetRivers a no-brainer to have as part of your betting portfolio.
Can I Bet on Virginia College Sports?
One unique thing about Virginia’s legislation is that bettors cannot wager on college teams from the state — similar to the rules in place in New Jersey and Illinois currently.
That means that Virginia bettors can bet on North Carolina vs. Duke basketball but cannot bet on a Duke vs. Virginia game, since the Cavaliers are an “in-state team.”
Tribune Publishing and its partners may earn a commission if you sign up to a wagering platform through one of our links.




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