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Detroit's casinos are making preparations for sports betting — even though it's not legal in Michigan.
The establishments are making investments in support of the activity as they push to cash in on the business in one of America's biggest sports towns.
Some estimate sports betting could generate millions in annual tax revenue for the state.
Details on how much the state should tax the activity, however, are New owner Penn National envisions a sports-betting venue at Greektown Casino accessible at the street level casino comanche grill nation from Comerica Park and Ford Field.
A new sports lounge near the hotel entrance of MGM Grand Detroit is expected to open soon and could serve as a sportsbook should the state legalize the games.
Meanwhile, Penn National Gaming Inc.
There's natural pressure to strike while it's hot.
We're hopeful Michigan won't allow itself to get left behind.
Indiana and Illinois now have passed legal sports gambling, and Ohio is considering it.
Sports betting is not in the under consideration by the Michigan Legislature, but Rep.
Brandt Iden, R-Oshtemo Township, plans to introduce legislation in the next month that would legalize the activity both online and in brick-and-mortar facilities.
The bill Iden plans to introduce would develop legal sports-betting rules and set a tax rate, which is expected to match the 8% proposed in the internet gaming package.
Gretchen Whitmer's administration has challenged the 8% tax rate, suggesting instead a tax rate of up to 40% for internet gaming and 15% for sports wagering.
Pennsylvania's, however, is 36%.
The company envisions a sports-betting venue at Greektown accessible at the street level blocks from Comerica Park and Ford Field.
It would be a great shot in the arm for the property and for downtown Detroit.
The company is in conversations with well-known sports and media names to brand the sportsbook, Jay Snowden, Penn National's chief operating officer, said during an earnings call last week.
Under 20-year casino near detroit michigan agreements, the company also would give two other companies the opportunity to operate sportsbooks in Michigan.
Depending on licensing limitations under state law, online gaming operator The Stars Group would have a second skin, and mobile sportsbook theScore Inc.
Penn National is taking casino near detroit michigan 4.
Iden's bill would allow a casino to have at least two skins, one for internet gaming and another for https://cetsolarstore.com/casino/seven-clans-casino-trf.html wagering.
The possibility rose casino iowa entertainment a third skin still is being debated, Iden said.
In addition to professional sports betting, his bill casino near detroit michigan allow for wagering on college-level games.
Penn National is operational with sports betting or poised to be so in eight states.
There, it offers wagering on football, basketball, hockey, soccer, baseball, golf, tennis, auto racing, rugby, cycling, boxing and mixed martial arts, and cricket.
The company first launched sports wagering in September 2018 in West Virginia.
Depending casino near detroit michigan the market, the activity can account for up to 10% of revenues, Schippers said.
MGM Resorts International operates 11 sportsbooks and has a mobile app in Nevada and New Jersey, according to its website.
It also has signed deals to be the official betting partner of Major League Baseball, the National Basketball Association and the National Hockey League.
Such funds, however, could be at risk because Canada bans single- and two-game bets, limiting play to three-or-more-game parlays.
Iden said his bill will set rules for single-game bets in Michigan.
Caesars Windsor did not respond to requests for comment.
Brian Masse is a New Democratic Party member of Canada's parliament for Windsor West.
He casino near detroit michigan introduced legislation for the legalization of single-game bets that was voted down, and says he doesn't expect to see any changes soon.
Legalization in Michigan and elsewhere in the United States, however, could pressure action.
It will be a competitive advantage for Michigan.
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