Michigan Regulators Pandemic Cause To Drive Early Launch Of Online Sports Betting – Michigan launched a face-to-face sports betting operation, opening a retail sportsbook on March 11, just days before Governor Gretchen Whitmer closed the state gambling market in response to the COVID-19 pandemic.
Now that brick and mortar operations have reopened at 15 percent capacity and revenues are struggling, state regulators are looking to raise the timeline for online and mobile platform launches, according to a report from MLive.
With around 14 weeks of closing Whitmer’s visit http://18.104.22.168/, the three state commercial casinos in Detroit reported gross gambling revenue of just $ 487 million from April to July. The properties reopened on August 5 but are still struggling to generate anything close to pre-pandemic revenue, ultimately hurting the state treasury.
When Whitmer signed the online gambling bill into law late last year, the state tax rate on internet gambling ranged from 20-28 percent, compared to the 8.4 percent rate imposed on physical bookkeeping.
According to figures released by New Jersey gaming regulators, $ 296 million of the $ 315 million wagered on sports in July came from online sports books. That’s why Richard Kalm, executive director of the Michigan Gaming Control Board told MLive he hopes to allow the site to launch online books by mid-November.