19.4.2016, 09:40 | Autor: Highstakesdb.com | tisk článku | doporučit článek

Online poker could be making a return in Michigan

On Friday last week, Senator Mike Kowall along with four other Michigan state senators introduced SB889 – the Lawful Internet Gaming Act – which would regulate and legalise online gambling in the state.

If instated, SB889 will include a 10% tax on gross gaming revenue, a $5 million licensing fee and an upfront, non-refundable start-up payment of $100,000 for applicants wishing to gain a license.

Tribal casinos and state-approved private casino operators would all be eligible to apply but the state would only dish out a total of eight licenses. Any tribes that apply would have to waive their sovereign immunity and still pay the aforementioned taxes and fees on top.

Interestingly the bill doesn’t specifically state that a license is exclusively available to operators situated within Michigan, which could open the door for interested parties located within other states or even nations to get involved in a potential liquidity share:

“Notwithstanding anything else in this act, a wager may be accepted from an individual who is not physically present in this state if the division determines that the wager is not inconsistent with federal law or the law of the jurisdiction, including any foreign nation, in which the individual is located or that the wagering is conducted under a multijurisdictional agreement to which this state is a party that is not inconsistent with federal law.”

The fact that Michigan - one of only three US states currently permitting online lottery sales and one of only two allowing online instant win games - has some experience with online gambling in its polls may help the state to become only the fourth to re-introduce online poker since the events of Black Friday back in 2011.

Source: HighStakesdb.com


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