Local gamblers and national gaming companies are waiting to see if Michigan will take a step toward joining the growing number of states that allow sports betting.
Michigan’s lawmakers passed legislation during the lame-duck session that would open the door to legal sports betting in the state. A single line added to a bill on online gaming authorizes the Michigan Gaming Control Board to allow sports wagering:
The division may permit internet gaming operators licensed by the division to accept internet wagers under this act on any amateur or professional sporting event or contest.
The governor’s signature is still needed.
Howard Stutz is the executive editor of CDC Gaming Reports in Las Vegas. The publication tracks the nation’s gaming industry.
Stutz says Michigan could be a big part of the estimated $3 billion to $5 billion sport wagering industry.
“Michigan will be easily will be a big part of the equation because of your population, because of your interest in sports, and the different types of gambling you have in Michigan,” says Stutz.
Stutz recommends Michigan gaming regulators look to Nevada to see how to properly, and profitably, regulate sports gaming.