The recent news that the US state of Michigan may become the latest in a long line of states to legalise online gambling and sports betting has sparked a frenzy of activity. After nearly a year after Governor Whitmer signed legislation in July of last year, this development could finally be ready to materialise, with commercialisation expected in 2020 when other states are scheduled to disclose their plans.
These new regulations, which have been adopted by the Joint Committee on Administrative Rules, which consists of ten individual legislators as well as Republican Chairman Pete Lucido, might take effect at any time. People were able to place sports bets in casinos throughout Michigan as early as mid-December 2020; however, there is a delay in licence receipt and the COVID-19 global pandemic has put a halt to most industries thus far, despite efforts from gambling advocates eager for change across all 50 states, including Michigan’s GOP House Speaker Paul Soglin – “I’m putting forth a lot of effort.”
What does this signify for the American gambling industry?
The future of gaming in Michigan appears to be bright. The state already allows online sports betting, and there are plans in the works to introduce an even broader range of activities on a website by 2020, including legal internet casino games!
Several states have permitted online gaming at various times throughout history, with New Jersey being one such example (though they only allow some types). However, it’s been interesting to see how quickly things move when a specific jurisdiction sees potential benefits from opening up trade within their borders: specifically, Michigan, where you can now play true Interactive Video Machines (IVMs) from your desktop or mobile device thanks to simple licencing agreements made between operators and state law enforcers.”
The decision to legalise internet gambling in Michigan is a foregone conclusion. It’s simple for inhabitants of the Wolverine State when you have one of those pesky 11th richest cities with high discretionary incomes and three iconic downtown casinos that are likely to benefit from this new law—still not bad, if we may add! It not only generates cash, but it also creates jobs, which makes people happy – what more could anyone want for?
Is it just a coincidence that online gambling legislation has emerged from New Jersey to Michigan? The pattern appears to be rather obvious.
What does this mean for the gambling business in the United States?
While the majority of the momentum for legalisation occurred during a Republican administration, it’s probable that there will be some reversal in other states now that Democrats are in charge. Although California is anti-gambling and unlikely to approve online gambling anytime soon, even if this change occurs with their new president taking office next year or later, other areas may see different outcomes as they move forwards, depending on how much support each party has among its population base!
For years, Illinois has considered allowing online gambling. With much of the acceptance occuring in the east, states with Republican constituencies, like as Illinois, may wish to delve into this market if they sense an opportunity and are able to bring more money into their state coffers than what is already there through taxes, etcetera. One intriguing prospect would be right on Michigan’s doorstep: a “stone’s throw” away from Dearborn (America’s home field), where we have seen several ‘play at your own risk’ Internet cafes operating without being regulated by authorities – proving considerable demand.
Chicago is the wealthiest city in the mid-western United States, with a median income of $365,000 per person (based on figures from NerdWallet). Furthermore, it is home to several one percenters who earn more than $600,000! The gaming industry may be linked to this wealthy demographic via hedge funds or law companies, but for the time being, Michigan appears content to go its own way, which is a good thing.
The average Chicagoan works fewer than 8 hours each day, while those who have money prevent them from doing so; if you need proof, look no further.
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