Legislative TREND. Sports betting + Fantasy Sports

Where: Michigan

What is the legislation?

• HB 4916 (2019 | MI) , HB 4917 (2019 | MI) , HB 4918 (2019 | MI) Sports Betting Act
• HB 4308 (2019 | MI) Fantasy Sports
• HB 4323 (2019 | MI) Prohibiting Offshore Online Betting

How will the sports betting framework function?

•  Michigan Gaming Control Board will regulate internet gaming
• Casinos prohibited from offering online games that directly compete with the Michigan Lottery
• $80-$100 Million in estimated annual tax revenue
• 8.75% tax rate on sports betting
• 4%-23% rate on online betting
• 19% tax rate for existing casino gaming

The Center Square | House bets on online gambling bills