Online Sports Betting
As of Jan. 22, 2019, the first Michigan sports betting sites will be available for wagering on NFL, college, and MLB games. While preliminary projections indicated that the state would launch sports betting in January 2020, the timeframe isn’t entirely accurate. The state had originally hoped to launch online sports betting around Super Bowl 55. Instead, the gambling board opted for a methodical approach and set a January 2021 launch date. This timeline, however, is far behind what other states have accomplished. Tennessee was the next to be launched on Jan. 22 while the Illinois Gaming Control Board took nearly four years to get up and running.
As of this writing, Michigan is one of the only states to legalize NCAA sports betting. While many other states have argued that the NCAA could be interfered with by Michigan punters, the state has approved the practice. Since there are so many popular NCAA events, Michigan sports betting sites are a great place to bet on post-season events. This means that players in Michigan can choose from a variety of bets and bonus options.
In addition to major college sports, Michigan sports betting laws allow wagering on state-based college teams. While Michigan has few big-name national athletic programs, the University of Michigan State are two of the most popular. In addition, many Michigan sportsbooks have a number of benefits over brick-and-mortar venues. For example, iGaming legislation makes it easy to compare odds in real-time and offers live betting.
Michigan Online Sports Betting
While Michigan sports betting sites offer various funding options, each one offers different methods. Some offer eCheck/ACH Transfer for quick transfers, while others accept only prepaid and credit/debit cards. Some sportsbooks will also accept wires or money orders for large amounts. In addition to credit and debit cards, online Michigan sports betting sites also accept several types of gift cards and can accept cash, check, and e-wallet transactions.
There is a large market for sports betting in Michigan. It is home to many basketball and baseball fans. The state’s tax rate is 8.4%, which is higher than most other states. As of March 2020, the Michigan Gaming Control Board had estimated that the state would start offering online wagering in late November. This was followed by the announcement that Michigan sports betting will begin on February 24, 2020. A few months later, the first legal online games in Michigan will be available for Super Bowl 55.
Although Michigan sports betting has been legal in the state since January 2021, the state has not yet been able to fully implement it. This was due to a lack of support from the gambling industry. Despite the potential revenue, the state is still a relatively new and diverse state when it comes to gambling. As such, online sports betting is a great option for both newcomers and experienced bettors alike. As of December 2018, there are currently 12 licensed sites in Michigan.