The measures seek the most modest of bumps to the tax rates, avoiding putting much pressure on operators.
Two Michigan state senators, Sam Singh and Jeremy Moss, have introduced two bills proposing modest tax increases on sports betting and igaming revenue. However, unlike other states that have attempted to introduce massive increases, these legislators are taking a more subtle approach.
Introduced 5 December, Senate Bill 1193 seeks to raise the tax rate on commercial sports betting operators’ adjusted gross receipts from 8.4% to 8.5%. It only applies to non-tribal betting; the state can’t adjust tribal betting rates.
The increase would give slightly more revenue to the city in which the sports betting operator’s land-based casino partner is located. That figure is now 30%, but the bill would increase it to 31%.
Proposed online casino tax hike is tiered
Concurrently, Senate Bill 1194 proposes a tiered increase in igaming tax rates, with adjustments depending on revenue brackets. ..