Interstate Poker gets approval in Michigan
Interstate Online Poker has been given the green light in Michigan. For online poker gaming…read more
Now that Sports betting is live and legal in Michigan, we look at what the best Sportsbooks and apps to use in the state will be.
Michigan became the latest state to legalize sports betting. It was confirmed just before Christmas 2019, with Gov. Gretchen Whitmer signing the Lawful Sports Betting Act on December 20.
The passing of this law means a massive expansion in the different forms of gambling available in the state. Michigan will also welcome legal online casinos, fantasy sports, and online poker.
There are still some things that need to be ironed out before any sportsbooks can physically launch in Michigan. These are mainly regulatory aspects that the Michigan gaming control authority will sort out. Operators will have their gross sports betting receipts at an 8.4% rate. Commercial casinos, though, will pay an additional 1.25% city tax to Detroit. In total, the entire package of gambling expansion is estimated to bring in $19 million in new revenue to the state, including a $4.8 million uptick for the School Aid Fund. There is no confirmation on which operators will come to Michigan as yet, but it seems very likely that major operators will be interested.
Michigan bettors may be waiting at least another year before they start placing those legal bets online. In January, the Michigan Gaming Control Board announced that online sports betting is not expected to be available until 2021. A spokesperson for the Michigan Gaming Control Board set that it will take about a year to write and finalize rules and regulations for online gambling, which includes sports betting, according to The Associated Press.
A selection of casinos was expected to have sports betting up in the spring of 2020. The next step for the casinos is getting the required licensing, and they will be free to offer sports betting in their own time. Michigan casinos have already begun partnerships with sports betting providers and expansions to accommodate for lounges. MGM Grand Detroit, for example, has already opened up a $6 million sports bar in preparation for legal sports betting. Michigan has three commercial casinos in the Detroit area and 24 tribal casinos throughout the state. A separate license will be needed for mobile and online gaming, but the goal of the Michigan Gaming Control Board is to allow for onsite sports betting this spring as well.
Once online sportsbooks have launched, residents and visitors of Michigan will be able to bet from anywhere in the state. There is likely to be different companies, with various features and incentives, but the actual process for somebody to place a bet will be the same. There will be plenty of gaming options available, and the sportsbooks will be expected to generate significant revenues. This has prompted Michigan state lawmakers to try and get rules and regulations in place quickly.
Residents in the state of Michigan can expect to start placing sports bets legally around March 2020 based on the timeline of other states. While online and mobile betting will be legal in Michigan, residents will not be able to place any wagers from their own homes. The majority of states have launched retail betting before mobile betting, as it has more legal issues and hurdles to overcome than retail betting. Retail betting is just a matter of adding another gaming type to a gambling establishment while online and mobile betting involved multiple parties, testing, and approvals.
It is a strong possibility that tribes in Michigan could get a head start on the three commercial casinos in the state. The state’s 23 tribal casinos do not need approval from the MGCB to begin offering sports betting on their tribal lands. Instead, these casinos answer to the National Indian Gaming Commission.
While tribal casinos in Michigan could launch brick-and-mortar sports betting at any time, this wouldn’t include mobile wagering off of tribal lands. To offer state-wide mobile betting, the tribes would have to follow the same testing, licensing, and approval as commercial casinos.
Native American casinos are not subject to the 8.4 percent tax rate for retail betting like commercial casinos are. However, they will be taxed at 8.4 percent on adjusted gross revenue for online earnings.
As well as the Indian casinos in Michigan, three other land-based casinos in the state would be allowed to provide online gaming. They are MGM Grand Detroit, Greektown Casino Hotel, and MotorCity Casino Hotel. MGM and Greektown have parent companies that have sought to participate in online gaming in the states where they have a presence, and it has been legalized. The casinos have expressed an interest in online gaming in Michigan, pending legalization.
The casino industry is doing very well in the state of Michigan, particularly Detroit, where they saw a record monthly revenue of $138.3 million posted in 2018. Some projections estimate online gaming could result in additional revenue between $45 to $60 million just for the Detroit casinos alone. This would, of course, be a big boost to the state, no wonder things are moving!
The cost of a gaming license and the tax structure has varied dramatically in the states that have already turned the corner. This probably won’t have any dampening effect on big-name interest to establish gaming casinos and sportsbooks in Michigan. Most people ‘in the know’ believe it won’t be long before online sports betting is allowed in Michigan, and residents will be able to place a wager on a mobile sports betting app.
Rules and regulations will need to be put in place to guard against any potential fixing of matches or odds. Licenses will be issued, and a tax framework established for sportsbooks. It seems inevitable that Michigan will be the first state in the Midwest to have legal sports betting, both online and at physical sportsbook facilities.
Before Governor Gretchen Whitmer signed the sports betting act in December, there were some concerns over whether people will continue playing online lottery games that are similar to online casino games. The pull-tabs and scratch-off games of the lottery are similar to slot machines in a casino. However, lottery players will be able to switch over to sports betting in Michigan once everything gets sorted. It is anticipated that casinos will partner up with popular sportsbooks and fantasy sports operators like DraftKings and FanDuel. This will allow players to place a wager on sports like the NFL, NBA, and NHL. The new legislation also regulates fantasy sports contests.
There will be a big scramble to get the best share of the sports betting market in Michigan. Once the law is passed, major operators will be preparing to launch their mobile sports apps; this is where online gambling is heading. Some names that are likely to want to start a mobile sports app in the state of Michigan are:
DraftKings: They always seem to be one step ahead of the competition. DraftKings has positioned itself with physical sportsbook operations in every state that has legalized sports betting thus far. It won’t come as a shock to see them do the same in Michigan.
FanDuel: World-renowned casino provider, Betfair, now owns FanDuel. They have generated vast amounts of revenue from sports bets in New Jersey, so look for them to continue this in Michigan.
Online sports betting has taken off in other states, so Michigan lawmakers will want to push the sports betting agenda in their state with enthusiasm.
In the likely event that everything goes to plan, and sports betting becomes a reality in Michigan, you will want to know how to access a mobile sports app. Firstly, you will need to make sure you have quick and instant access to the online sportsbook of your choice. The options you have here will be visiting the site through a web browser or downloading an app onto your mobile device.
It is likely if there is an app available that this will be the route that will ensure a smoother process, as apps tend to be faster. However, if your device doesn’t support the app, the browser version will work. This just means visiting the site via Chrome, IE, or your browser of choice. In many cases, the site will be designed to detect the type of device that is accessing it, meaning a smooth process for the user. Online sportsbooks are likely to recognize that users will want a dedicated app so that they will release versions designed for both Apple and Android users.
For Apple users, most sportsbook iOS apps are available through a simple download in the Apple App Store. As with other apps, simply find the one you need, in this case, the app-specific to Michigan, then install it.
Android users have to navigate around Google’s ban on gambling apps in the Google Play Store. Furthermore, users must allow installations from other sources on their devices. Then, a visit through the web browser to the browser version of the site should automatically trigger a download prompt for the app file.
Whenever you sign up for a new account with a sportsbook, take it as a given that you will be greeted with some bonus offers and promotions. It is an excellent idea to take advantage of these; they can add hundreds of dollars in free bets, insurance, and even cash to your account. However, make sure you check out the terms & conditions with any type of offer. The small print may indicate that the bonus offer might not be worth the effort. For example, some sportsbooks like to offer site credits in the form of cash. This means you can only use these dollars for wagering and may not redeem them, although you can keep any winnings they generate.
Here is a list of some typical types of promotions that a sportsbook customer may come across:
Free bets: Dollar amounts that you can wager but not redeem. You will only receive the amount of winnings, and the free bet seed money will always go back to the sportsbook.
Odds boosts: Sportsbooks will adjust their pay-outs on certain wagers. This tends to happen daily, so definitely one to watch out for.
Deposit bonus: This is where the sportsbook contributes a percentage of the deposit amount on top of the total. The percentage can be as high as 100%, meaning that every dollar deposited gets two.
Insurance: Sportsbooks will refund the value of some bets if it loses. Refunds like to come in site credits or free bets.
There will be a large number of games that online sportsbooks in Michigan will offer, bringing several opportunities for residents or visitors to Michigan to place a wager on your favorite sport. All the big sports such as NFL, NBA, NHL, and MLB will have something available for you to bet on. International competitions, overseas Soccer games, the Olympics will have selected wagers available for you as well; you just need to factor in the time difference when choosing to bet on international markets. Here is a list of sports we feel will be available for betting in the state of Michigan:
With the evolution of online gambling in recent times, there are also now several different types of bets available to suit the ever-changing needs of the customer. The most common types of bets available are:
Possibly the most exciting, and some would argue common, type of sports betting nowadays is live betting. These take place during a game or event that is in progress, adding to the excitement for the watching customer. There are different ways a live bet can be defined. For example, a sportsbook may offer a continuation of a pregame wager. So, point spreads, Moneylines, and totals may continue into the game. The only difference is that their lines, or estimates, will shift as the game progresses. Once everything passes in the state of Michigan, all of the above will be possible.
Perhaps the most popular form of live betting is partial game results. So, a sportsbook may provide odds on a team being ahead at half time, for example, but the final result doesn’t matter. It can go even further to the point where you can bet on a single point in a tennis match or a single play in a football match. Live betting has taken off massively, single matches, especially high-profile ones, can see hundreds of different types of bets placed on it.
Sports betting in Michigan is regulated by The Michigan Gaming Control Board (MGCB) who will oversee all gambling activity in the state.
Legal sports betting went live in Michigan in early March 2020. So far just 3 temporary licenses to commercial casinos in the Detroit area have been issued. Online sports betting legislation is still going through the processes but should be online and mobile soon. More licenses expected to be handed out in the near future to add additional physical sportsbooks to the state.