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The Michigan state house has voted to legalise fantasy sports gambling in the state. The bills that were passed in the parliament legalise fantasy sports gaming as well as create a statutory framework to regulate the field.
Republican Representative Brandt Iden sponsored the bills, citing the example of Indiana.
“I don’t believe that excludes anybody from the marketplace,” he says. “We want serious actors who can come in and operate these games and make sure they are benefitting players in the state of Michigan. These fees are consistent with other states and I’m happy with where we’re at.”
Steve Brubaker is an attorney representing Small Businesses of Fantasy Sports Trade Association. He says the bills $50,000 registration fee is too steep for smaller fantasy gaming businesses.
“The companies that will pay that price to operate in Michigan are two: Draft Kings and Fan Duel.”
Brubaker says the model of Colarado—specifically its tiered registration fee structure—would be a more suitable model for Michigan.
Source: Latest News on European Gaming Media Network
