Michigan’s Sports Betting and online casino bills have taken a significant step further as they were approved by the House Of Representatives. The bill remains to be approved by the Senate following which it would have to be approved by the state governor for the bill to be enacted into law.
Michigan’s sports betting bill was revised and then presented in the house. The sports betting tax rate for Native American tribes was increased from 8% of operator winnings to 8.75% while the effective tax rate for commercial casinos is 12%.
A tiered system has been proposed for igaming with rates as low as 4% for some rural Native American tribal casinos and as high as 26.25% for the three Detroit casinos.
The bill still has several obstacles before it comes into effect, the biggest being the state’s Whitmore administration as the bill still falls short of the tax expectations.
Gambling.com reports that the bills will need bipartisan support to pass with enough votes to override a veto should the legislation fail to earn Whitmer’s support. A veto override needs two-thirds majorities in both chambers, and Republicans hold just 22 of 38 seats in the Senate (less than 58%) as well as 58 of 110 seats in the House (less than 53%). An override requires 74 votes in the House and 26 in the Senate.
Earlier in the year in September, the Michigan House Regulatory Reform Committee approved three separate bills similar to House Bill 4916 which calls for allowing both mobile and in-person sports wagering.