Timeline: Legal Michigan Sports Betting Movements Tax Funded: Compulsive Gambling Prevention fund ($500,000), First Responder Presumed Coverage Fund ($2,000,000), The majority of the remaining funds go to the School Aid Fund.Tax Rate: 8.4 % on gross, plus an extra 1.25% fro casinos in Detroit.Licensing Fee: $50,000 initial fee plus $50,000 yearly fee.Permitted Sports Betting Operators: DraftKings, Caesars, BetMGM, BetRivers, FanDuel, PointsBet, Sports Illustrate Sportsbook, plus 23 tribal casinos.Estimated Sports Betting Revenue: $399.58 million (2022).
The current sports betting market in the state is outlined below. In-person sports betting became legal in Michigan in 2020 and the following year domestic online sports betting was also legalized. Is mobile sports betting available in Michigan?
