Michigan launches online sports betting Friday: What to know
Read full article: Michigan launches online sports betting Friday: What to know(AP Photo/John Locher, File)LANSING, Mich. – Online sports betting and casino games will start in Michigan at noon Friday, an expansion of options for gamblers who now wager through offshore sites. State regulators have authorized licenses for all three Detroit casinos and seven of the dozen tribes with “Class III” casinos. Greenblatt said the state's 8.4% online sports betting tax is “very sensible,” allowing licensed operators to compete with offshore sites. “You've got a group of players who have long been betting offshore. Casinos offering online games like blackjack will pay a tax of between 20% and 28%, depending on their amount of adjusted gross receipts.