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Michigan governor proposes sports-bet fees and 36% tax on larger online casinos

Regulation

Michigan Governor Gretchen Whitmer proposed new betting taxes in her state budget, according to a report. The plan would charge sportsbooks 25 cents per wager for the first 20 million bets and 50 cents thereafter, while raising the tax rate for larger online casinos to 36%. Lawmakers would need to approve the proposals.

The proposals would change sportsbook costs and tax rates for larger online casinos in Michigan.

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Regulation

NGCB lists Nevada gaming licence fees and revenue tax rates

The NGCB's fee schedule lists an annual slot machine tax of $250 per machine and a quarterly licence fee of $20 per machine for nonrestricted licensees. The schedule also sets monthly revenue fees at 3.5% on the first $50,000 and 4.5% on the next $84,000.

The Nevada Gaming Control Board (NGCB) has published a schedule of licence fees and tax rates for gaming licensees in the state. The schedule sets out recurring charges for nonrestricted and restricted licences, including slot machine taxes, quarterly licence fees and monthly percentage fees on gross gaming revenue, according to the NGCB schedule.

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