Michigan To Hold Committee Hearing Today Regarding Online Gambling Bill
Following the introduction of SB 889 by State Senator Mike Kowall a short time ago, Michigan will hold a hearing today, Wednesday, May 4, to discuss this bill, along with SB 890.
Dubbed the "The Lawful Internet Gaming Act," SB 889 asks for legalization and regulation of poker and casino games online. The bill would restrict access to those 21 years or older, allow for a maximum of eight licensed operators in the state, apply a $5 million licensing fee as an advancement of future taxes owed, and introduce a 10-percent tax. The eight licenses will be restricted to commercial and tribal casinos already in operation with a license.
The bill also includes language that leaves the door open for shared liquidity, both with others states and nations. SB 889 mentions the possibility of "multijurisdictional" agreements with other governments where online poker is legal "including any foreign nation."
With much focus has been directed towards states such as California, Pennsylvania, and New York in regards to those viewed as next up for online gaming legalization and regulation, Michigan's leap into the mix came as a surprise to many, although a welcomed one. The state is still a ways away from getting online gaming, but the speed at which Michigan has moved to get involved exhibits positive progression.
The hearing will be held today, Wednesday, May 4, at 2 p.m. local time.
Click here to read the full text of the bill.
*Image courtesy of CedarBendDrive/Wikimedia.
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