Michigan’s Outgoing governor vetoes online gambling bills due to concerns over the financial and social impact of the practice.
Snyder took action on a number of bills this past friday as he prepared to surrender his office after two terms at the helm of Michigan. The bipartisan legislative effort to bring online gambling to the state was among those to get a big ‘no’ from the state’s highest rank legislator.
Synder vetoed House Bill 4926 and its accompanying pieces HB 4927, citing concerns over the financial and social impact of legalization of online gambling on the State’s territory.
If Gov. Snyder, had signed the legislation, it would have allowed the state’s three commercial casino- MGM Grand Detroit Casino, Motor City Casino and Greektown Casino as well as casinos operated by Michigan’s federally recognized tribes to offer online casino and poker games and within the state’s border.
The Michigan Gaming Control Board would have issued license for the operation of Online Gambling. Licensed operators would have been taxed at 8% on their revenue from the practice. The State’s commercial casino would have had to pay an additional 1.25% to their host cities.
Snyder also vetoed this past friday a bill that would have created a framework for the provision of fantasy sports betting in a regulated environment, saying he did not believe the legislation could produce positive results for the state at this time.