Michigan Prepares to Issue Online Casino and Sports Betting Licenses
July 8, 2020It has taken Michigan a fair amount of time to move forward with its online gambling legislation. The state is now prepared to begin accepting license applications from gaming operators. Residents are expected to have access to legalized online casinos and sportsbooks by the end of the year.
The Michigan Gaming Control Board will oversee the licensing of casinos and sportsbooks. Companies that wish to offer online sports betting will be required to establish a partnership with live casinos in the state. Some sports betting providers are already in negotiations with Michigan's live casinos.
DraftKings, one of the world's leading providers of fantasy sports competitions and online sports betting, announced in early June 2020 that it would partner with Michigan's Bay Mills Resort & Casino. Many of the sportsbook providers are working with Native American casinos in the state to open their own live and online sports betting platforms and casinos.
Many regard this as great news for online gambling in Michigan. The state has struggled in some ways to implement its online gambling legislation since passing the laws that would permit online betting. There has been a growing frustration among many state residents that no online gambling opportunities have yet to emerge.
Once the application process begins in earnest, the Michigan Gaming Control Board expects that the process will be fast and smooth. Online sportsbooks are expected to offer a full betting menu that includes wagering on both professional and amateur sporting events. Players will have the opportunity to make various types of wagers, including both straight and moneyline wagers, parlays, teasers, and other exotic bets.
Online sports betting has been in a slump since the coronavirus pandemic forced the cancellation of most sporting events. Gaming operators in Michigan and other states are hopeful that live sports will resume soon, and that betting on the games can commence. Sports betting in the US is a billion-dollar industry, and revenues earned from online betting are used to support many state programs.
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