![]() After that, no allowance is made for free play. To allow for free play to encourage Internet gaming, the casinos would be able to deduct 10% from the gross receipts, which would otherwise be taxed, for the first three years, 6% in the fourth year, and 4% in the fifth year. ![]() That tax rate is considerably higher than an earlier version of the legislation, which had a tax rate of 4% to 23%. ![]() Online gaming would be taxed at between 20% and 28%, with the lowest rate applying to adjusted gross receipts below $4 million and the highest rate applying to adjusted gross receipts of $12 million or more. The legislation creates the Internet Gaming Fund and requires fees and taxes to be paid into the fund. Those who supply casinos offering Internet gaming will have to be licensed and will be subject to a $5,000 application fee, a $5,000 initial license fee, and a $2,500 annual fee. Internet gambling can only be offered by existing Michigan casinos, be they Detroit casinos or tribal casinos located around the state.Ĭasinos operating Internet gambling will be subject to a $50,000 application fee, a $100,000 initial license fee, and a $50,000 annual fee.
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