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Michigan House Committee Approves Sports Betting Bill

Michigan sports betting
Dollar Per Head    ,   -

Michigan House Committee Approves Sports Betting Bill

A lot of pay per head sportsbook owners have been enjoying a larger customer base now that sports betting is gaining popularity. The US alone has its 50 states scrambling to regulate the betting market in hopes to gain revenue from taxing the gambling industry. There are over a dozen states that have legalized sports betting, but only less than a handful offer online sports betting. But slowly, more states are considering having sports betting bill with online sports betting in their legislation.

9DollarPerHead.com offers a wide range of sports betting software solutions that allows the bookie to operate online. Any bookie can then offer their players with access to a site where they can browse the odds, place bets, and collect their winnings from their very own homes. This is an advantage as bettors can easily place bets while at home, or even make in-game bets while watching a game live.

Michigan Sports Betting Bill

Michigan sports betting

Michigan is one of the few states in the US that recognizes the potential of online sports betting. Which is why Rep Brandt Iden’s online casino and sports betting bills have been approved by the Ways and Means Committee. The bills will now be subject to voting by the House as the week unfolds.The bill on sports betting will have tribal casinos pay 8.75% tax on betting revenue, while the three casinos in Detroit will pay 12% tax (this includes the 3.25% tax to the city government). What makes this bill stand out, is that licensed bookies will need official league data that will be commercially reasonable. The terms set includes the quality of the data, as well as the variety of availability of game data. This bill follows both Tennessee and Illinois in terms of requiring official league data.

But Rep. Iden also acknowledges what pay per head bookies have known for a long time now: online gambling is what will bring in the good money. This is evidenced by New Jersey, where majority of their gaming revenue is now coming from online sportsbooks. Whether these bills will pass into law soon will still depend on the House debate and vote, as well as the approval of Michigan’s governor. But still, small steps are better than none.