ONLINE POKER BACK?
With the World Series of Poker two weeks in, poker fans in Michigan may have something to cheer about besides their favorite player winning a bracelet.
The Michigan House of Representatives has passed legislation (68-40) that would allow online gaming in the state.
This, in the wake of a supreme court decision that released Nevada’s stranglehold on land-based sports betting. States will now have their own choice.
But don’t harken back to the days of Poker Stars and pre- Black Friday pots just yet. The legislation still has to pass the Michigan Senate. The bill is likely to be taken up in the fall after the recess.
If passed, and signed into law, Michigan would join Nevada, New Jersey, Pennsylvania and Delaware who have already legalized online poker.
The sites would be controlled by the three Detroit casinos. Tribal casinos will be able to apply for licenses, but their inclusion is murkier.
It is possible that one of the Detroit casinos decides to partner with Poker Stars or they could build their own site from the ground up. Either way, with a large population of poker players, Michigan is sure to be a welcomed addition to the online community.
What’s just as exciting for sports fans around the state is that sports betting is likely to join poker.
There is already a healthy sports betting industry around the country, which brings in over $150 billion dollars a year. A lot of this comes from unregulated sites. This legislation would allow players the security of a regulated, and insured site. This will make withdraws and deposits much easier, faster and safer.
The bill comes with an 8% tax on the casinos with the money to be split between schools, transportation, and city improvement projects such as hiring police and building renovation.
If the bill passes in the fall it will come just in time for football season. A historically hot time for sports betting. Get your money ready folks.