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Michigan House Approves Sports Betting, Online Gambling Bills

Niji Narayan

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Michigan House Approves Sports Betting, Online Gambling Bills
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The Michigan House has passed the legislation which legalise online gambling and sports betting in the state. The legislation, which also would regulate the fast-growing paid fantasy sports industry, was sent to the GOP-led Senate for future consideration.

An 8.75% tax would be collected on sports wagering receipts, minus winnings paid out — less than a 19% tax now paid by Detroit’s three commercial casinos. The city of Detroit could also collect an additional 3.25% tax, said Rep. Brandt Iden, the sponsor of the main bills.

The tax rate for online gambling, excluding sports bets, would range between 4% and 19% in the first three years depending on much internet revenue a casino generates. It would rise to 6% to 21% in year four and, in year five and beyond, go to between 8% and 23%. Detroit could collect an extra 3.25% tax.

“The tax rate went north. We got her more than half of what she asked for on both internet gambling and sports betting. The money was directed to the school aid fund. My directive, from what I had always heard, was protect the school aid fund. I believe that these bills did that. So it’s very confusing to me when the governor says they’re not in support,” Iden said.

“We continue to have revenue concerns regarding the bills’ negative impacts on the school aid fund. The administration has taken every meeting we’ve been invited to regarding this legislation and will continue to work closely with the bill sponsor, tribal leadership and stakeholders to attempt to address our concerns,” Whitmer spokeswoman Tiffany Brown said.

The U.S. Supreme Court in 2018 paved the way for all 50 states to allow sports gambling. It is underway in 13 states and has been authorised in five more, according to the American Gaming Association.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Industry News

Skywind Signs Content Deal with Pariplay

Niji Narayan

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Skywind Signs Content Deal with Pariplay
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Skywind Group has signed a content deal with online casino operator Pariplay Gaming. Following the deal, Skywind’s portfolio of games will feature across Pariplay’s Network.

In addition to premium content, Pariplay’s clients will benefit from Skywind Group’s wide range of engagement tools, such as the bonus coins reward, which is the first of its kind, and daily, in-game tournaments, must-win and innovative split jackpots, among others.

“Pariplay’s Fusion Aggregation platform has a great distribution network for us, as we continue to expand our reach throughout regulated markets. Pariplay’s platform is licensed in several markets and we share a dedication to enabling our partners’ growth. We are regulated by the UK Gambling Commission, Malta Gaming Authority, Alderney Gambling Control Commission, Spain Directorate General for the Regulation of Gambling, Romania ONJN and Gibraltar Gambling Commission,” Oren Cohen Shwartz, Managing Director of the Skywind Group said.

“We are delighted to add Skywind’s superb portfolio of games to our Fusion Aggregation Platform. Their range of non-branded and branded titles along with their excellent gamification and jackpot tools make them a truly compelling addition to our range of content providers,” Richard Mintz, Commercial and Marketing Director at Pariplay said.

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Central Europe

Czech Republic to Introduce Gambling Exclusion Register in 2020

Niji Narayan

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Czech Republic to Introduce Gambling Exclusion Register in 2020
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Alena Schillerová, Finance minister of the Czech Republic, has revealed that an exclusion register to block a range of individuals – both voluntarily and involuntarily – from gambling would launch next year. The incoming exclusion register follows on from the 2017 Gambling Act, which legalised iGaming in the Czech Republic for the first time.

Individuals on this list will not be allowed to gamble at all, whether that be online or land-based. People who have been declared bankrupt, are on welfare, or have been treated for gambling addiction will all be added. There shall also be an option for players to voluntary exclude themselves, if they want to.

“We will publish documentation at the turn of this year and begin testing, so that this register is operational in mid-2020,” Schillerová said.

“Currently, all indicators of online gambling are growing. The proportion of online players is increasing, and sports betting is the biggest problem. Young men are particularly at risk from developing problems. This is what our next steps are targeting. It’s not a matter of deleting new technologies from life. Instead, we’re looking to find a balance for their use,” Jarmila Vedralová, National Drug Policy Coordinator in the Czech Republic said.

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Asia

People’s Bank of China to Launch “Digital Currency Electronic Payment” to Combat Illegal Online Gambling

Niji Narayan

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People’s Bank of China to Launch “Digital Currency Electronic Payment” to Combat Illegal Online Gambling
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The People’s Bank of China is going to launch the world’s first state-backed cryptocurrency “Digital Currency Electronic Payment” (DCEP). One of the main aims of DCEP is to combat illegal online gambling.

DCEP will apparently include functions that will allow government authorities to track suspect payments and thus stamp out money laundering, tax evasion, terrorist financing, and online gambling.

Mu Changchun, the head of the digital currency research institute of People’s Bank of China, said that the new cryptocurrency will still allow its users’ “controllable anonymity.”

“We know the demand from the general public is to keep anonymity by using paper money and coins… We will give those people who demand it anonymity in their transactions. But at the same time we will keep the balance between the ‘controllable anonymity’ and anti-money laundering, CTF, and also tax issues, online gambling and any electronic criminal activities,” Mu Changchun said.

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