Michigan’s Governor officially signed a sports betting law into place back in December of 2019. Since that time, state officials have worked to come up with specific regulations for the industry. Based on new reports, MI’s sports betting options are likely to become available next month.
It’s great news for sports fans here. Hope is that the first regulated betting options become available prior to March Madness. Today, we’ll give a quick update on the status of sports betting here.
Let’s get into it!
Michigan Lawmakers Decided to Legalize Sports Gambling
The discussion of legalized sports betting is raging around the country. Much of this is due to the fact that the Supreme Court struck down PASPA in May of 2018. After this decision, every state in the country was given the ability to legalize sports gambling.
As of now, 21 states have passed bills to start regulating their sports betting industries. This includes New Jersey. Since legalizing sports betting, New Jersey is now earning millions of dollars every single month through taxes from the industry.
More states have begun to realize how much money can be earned from sports gambling. Back in late 2019, Michigan’s lawmakers began a push to open this industry. By December of that year, Governor Gretchen Whitmer finally approved a sports betting bill.
There was some debate over when the first sports betting options would become available here. In January, it seemed as if things were getting delayed and internet sports betting would not become available until 2021. This week, reports surfaced that MI’s sports betting options are likely to become available soon.
It’s clear that state officials here are taking their time with this new form of gambling. They want to ensure that problem gambling does not become a major issue. Here’s what new reports about this industry are saying.
MI’s Sports Betting Options Should be Available By March Madness
Michigan is home to a huge number of passionate sports fans. Several major sports teams are based here and many have been asking when the first regulated online sportsbooks would become available here. It now appears that we have an answer.
Several politicians in the state claim that the first sportsbooks will start operating here before the start of March Madness. Richard Kalm, Executive Director of the Michigan Gaming Control Board, claims these betting options will launch soon. Specific regulations for this industry are being finalized.
There’s a reason why the regulatory process is being streamlined. March Madness is known as one of the most popular sporting events to bet on in the country. Millions of dollars are wagered on the NCAA tournament.
Michigan will likely earn a huge piece of revenue from March Madness. State officials want to ensure they’re earning money from this new industry.
MI’s sports betting options are finally set to launch. Some feel that Michigan will grow to become one of the country’s true sports gambling hubs. Several casinos here are already gearing up to launch their sportsbooks.
North Michigan Casinos Prepare to Launch Sportsbooks
Michigan is home to several popular casinos. Many operators of these gambling venues are now expressing a desire to launch sports betting platforms. The Grand Traverse Band of Ottawa and Chippewa Indians announced they’re planning to launch sportsbooks before the end of the year.
This tribal group owns two casinos in Northern Michigan. Tribal leaders claim that they’ve teamed up with William Hill to launch sports betting options in these venues before the start of the next NFL season. Joe Asher, CEO of William Hill US, commented on the new partnership to the media this week.
“We are pleased to have found a great partner in the Grand Traverse Band of Ottawa and Chippewa Indians and look forward to working with the Tribe to bring a leading retail and online sports betting experience to sports fans in Michigan,” he said. “Michigan will be a key state in William Hill’s U.S. expansion due to its large population and deep rooted-sports culture with so many popular college and pro sports teams.”
The Turtle Creek Casino & Hotel and Leelanau Sands Casino are both set to launch these sports betting platforms. Both land-based and online sports betting options will be available here.
MI’s sports betting options could officially launch within the next few weeks. Time will tell how successful this industry will be for the state. Stay tuned for updates!