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Those companies are called Michigan Gaming Enterprises (MGE) or the Michigan Gaming Corporation (MGC). MGE's licensing allows for online poker, and MGC's license allows for internet gambling. The online gambling in Michigan is operated by the Michigan Gaming Corporation. New Mexico's Gaming Commission is yet to officially determine how many casinos the state will require to open and close. On August 5, the Michigan Senate is expected to take a second vote on the issue.
This is a vote it will use to push through legislation allowing internet gambling in Michigan. There are four reasons why a second vote is critical. Sports bettingindiana has always been in a gray area as opposed to some of the newer states that allow for online gambling. First, if the first vote in the new year passes through, the bills to legalize online gambling in Michigan would likely go to Governor Snyder for signing. This would give the gambling industry plenty of time to make the numbers add up.
In the 1996, the city of Detroit voted to allow the construction of casinos within its boundaries. Three casinos -- the MGM Grand, Greektown and Motorcity -- were built over the next few years, becoming the first non-Indian casinos in Michigan. These casinos are subject to a number of laws regulating Michigan gaming .
"Legalizing online gaming seems like a win-win for the state, and the Legislature should keep moving forward with these bills.
Lawmakers are considering a bill to legalize sports betting in the state, making Michigan the 14th state to allow gambling on sporting events.
Chart providing details of Michigan Gambling Laws
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Another reason for a second vote is the new bill allows for online betting in places like Las Vegas where there is no state regulation. Nevada has legalized internet gambling, making it the first state in the nation to allow it. Nevada's online gambling has gone so good and is a huge cash cow; there are already 300,000 online players and a billion dollar industry just waiting to be born. The Online Casino in Michigan are spread throughout and have become very popular among Michigan residents during that time. The third reason why a second vote is critical is that there could be a lot of money at stake for those who lobby for this legislation.
A recent report by the Michigan Department of Economic Development and Economic Opportunity said an estimated $1 billion would be funneled into Michigan from online gaming sales when the bill takes effect after January 1, 2017. The report went on to say that Michigan's casino industry is projected to grow to $5 billion by 2021. The fourth reason why a second vote is critical is that Michigan's online gambling will be very popular. Idaho Prop 1 and 2 is legal in Wyoming. It may be the most popular gaming activity in the state, and online gambling could generate a huge number of sales tax revenue in Michigan.
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