Internet Casino Gambling

When the US federal government passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006, it led to the exodus of several US friendly online casinos and software providers from the market.

Is Online Gambling Legal in Michigan?

Yes. Online gambling in Michigan was legalized in December 2019 when Governor Gretchen Whitmer signed bill HB 4311, the Lawful Internet Gaming Act, into law, legalizing several forms of igaming in the state including online casinos, online poker and sports betting.

When is Online Gambling Going Live in Michigan?

1. It is the online casino that has always proved to be very efficient for the users. With the online casinos it's now attainable for the gamblers to have an important time at their place.
2. When the US federal government passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006, it led to the exodus of several US friendly online casinos and software providers from the market. It left US players with a small number of software providers, online casinos, and payment processing companies to choose from.
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4. Online gambling in Michigan was legalized in December 2019 when Governor Gretchen Whitmer signed bill HB 4311, the Lawful Internet Gaming Act, into law, legalizing several forms of igaming in the state including online casinos, online poker and sports betting.

Just over one year after online gambling was legalized in Michigan, the Michigan Gaming Control Board (MGCB) went live on January 22, 2021 with its first online casinos and sportsbooks.

Initially, there was hope that online casinos in Michigan would launch before the end of 2020, but this did not happen due to certain legal complications and obstacles. So, the date was pushed forward a couple of months.

Which Online Gambling Operators are Expected to Launch in Michigan?

The Michigan Gaming Control Board has issued provisional licenses to 15 online gambling operators. Ten of those have been given the green light to begin online sports betting or both online gaming and sports betting at noon on Friday, January 22.

Authorized operators to go live on the opening day include:

• BetMGM – Internet Gaming and Sports Betting
• PokerStars Michigan Casino (The Stars Group US Interactive/FOX Bet)- Internet Gaming, Online Poker and Sports Betting
• Rush Street – Internet Gaming and Sports Betting
• DraftKings – Internet Gaming and Sports Betting
• William Hill – Internet Gaming and Sports Betting
• Penn Sports/Barstool – Sports Betting
• TwinSpires – Internet Gaming and Sports Betting
• Golden Nugget Online Gaming – Internet Gaming and Sports Betting
• FanDuel – Internet Gaming and Sports Betting
• Wynn – Internet Gaming and Sports Betting
• PointsBet – Sports Betting

The remaining five operators are expected to be approved in the coming days. These include:

• GAN Nevada
• NYX Digital Gaming
• Parx Interactive
• Kambi

What Games Can I find at Michigan Online Casinos?

Most Michigan online casinos are expected to offer a decent selection of video slots, with some operators expected to feature more than 100 titles to choose from.

There will also be a wide range of electronic table games available if slots are not your game of choice.

Of course, as the iGaming industry develops in the state, we will likely see the operators expand to add even more titles to their gaming portfolios, partnering up with new providers and incorporating new games.

What Payment Methods Can I Use to Deposit and Withdraw?

With online gambling still in its early days in Michigan, it is not entirely clear what options will be available for deposits and withdrawals.

However, common deposit methods, such as ACH, PayPal, eChecks, e-wallets, PayNearMe, Prepaid card and Bank transfers are all expected to be an accepted form of payment for online casinos in Michigan.

Some casinos will likely offer in-person deposits and withdrawals with their land-based partners as well.

Do I Have to Pay taxes on My Wins at Michigan Online Casinos?

According to current laws, you need to pay taxes on all your gambling wins, regardless of the size. The federal tax on gambling winnings is 25%, while the state tax in Michigan is 4.25%.

When it comes to online casinos, the operators will only withhold federal taxes on winnings exceeding $5000. Smaller wins are paid to you and you are responsible for the taxes.

As for the state tax, online casinos will not withhold it regardless of the size of the win and it is entirely your responsibility to report it.

Preface

A brief overview

In today’s modern world the internet provides plenty of online gambling sites to the betting community. Those who gamble online with real money may more often suffer a gambling addiction than people who visit a brick-and-mortar casino. Online gambling is said to be more dangerous than casino gaming and is associated with higher risks of gambling addiction. While problem gamblers may be shy to visit a casino every day, online gambling sites are another matter. Problem gamblers may access an online casino each day from their smartphones, which may lead to an addiction.

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Why the laws on internet gambling need to change

There are many gambling sites that are high-risk. Not all online portals are well regulated, some may use spying software and steal the personal information of their clients. Players need to beware that internet gambling websites often have their rights reserved in offshore jurisdictions. In the UK the laws regarding web casino gambling are badly outdated, leaving many online gamblers at the mercy of an online casino. The online games provider will try their best to incentivize people to wager as much real money as possible. Thus fuelling in them a gambling addiction.

Why is online gambling more dangerous than high street gambling?

A brief look at the main reasons.

Overall internet casinos are more likely to lead to addiction and problem gambling. Below is a list of reasons why:

• Ease of access leads to more play-time and higher gamble stakes.
• Poor regulation can result in credit card theft and misplaced odds
• The addictive properties of games are higher due to the ease of access compared to visiting a physical casino
• Gamblers may lose more money. Many who make a deposit with credit cards on the internet forget to keep track of their funds.
• Free betting games are offered to almost every gambler. Odds on the free games are often turned in favor of the player. This makes online gamblers think that they can win real money.
• Odds in real cash games can get tilted too much in favor of web casinos, placing a gambler at higher-than-normal risk.
• Placing bets from home can be more addictive than in a physical casino.
• Internet gambling sites can use bots in online poker, thus cheating players in the game.
• Many feel that it is far easier going to a site and placing a bet than visiting physical casinos.

Ease of access of an online casino

Gambling is more dangerous online partially due to how easy it is to access the webpage. Casinos usually have ID checks to ensure that players have reached the legal age to gamble. Further, the establishments often make sure that players are sober and no one entering is intoxicated. These establishments are much better regulated and they like to have a good reputation.

Online gambling is often seen as more dangerous than casino gambling due to how easy it is to access the site. Those who gamble online at casinos often forget to make sure that they do not spend all their time on the online portal. Accessing a gambling site from a smartphone is extremely easy, players can forget how much time they have spent placing bets. Further, by using digital money instead it becomes harder to stop gambling and keep track of losses.

Greater chance of becoming addicted

People who play online have a higher chance of developing an addiction. These players can sometimes exhibit signs of problem gambling by trying to get even with online casinos by staking higher bets. Further, they are less likely to seek professional help or read the information on the proper use of the gaming portal. Online casinos will usually shower a gambler with notifications and other details, enticing them to play more.

Online casino webpages are likely to use psychological methods to make players spend as much time as possible on their portals. This increases the chance of people who play online developing a gaming problem. Combined with the ease of access, which increases the hours spent on the webpage, online gambling is far more dangerous than visiting a real casino. It is far harder to stop playing when any place in the world, including the player’s home, can be turned into a casino in a single click.

Is online gambling dangerous?

Why online gambling webpages are proliferating

It does not cost too much money to start up an online betting establishment. At a price tag of just under 2$ million, it is at the minimum 20 times cheaper than opening a land casino. People can play at any time, from any place, without going to a specified venue. Many who like gambling need to know that it is becoming easier to find a gaming webpage. It is also far cheaper to operate online casinos, with little staff required and lower taxes. Thus online gambling webpages are becoming more and more common.

Tricking those who bet online

Many start their gambling on the web with some free activities, such as slots. Online gambling services will tilt the game probabilities in favor of the player when betting with virtual money. This way a web casino will make the person feel like they can win. Once a bet is placed with real money, web casinos will switch the probabilities in the house’s favor immediately. Thus novice punters will be quick to lose the cash.

Getting an account set up on a shady website

One problem with online gambling is that casinos can sometimes have poor regulatory oversight. Many are located offshore and some can have a shady reputation. What makes this dangerous is giving away sensitive personal information. Such as credit card or bank account details. The shady portal will then take this information and could potentially share it with malicious parties.

Further, it is important to know that when one has large winnings, it may take time to withdraw them into the client’s bank account. There have been cases of fraud committed by online gambling services. Such as stealing the player’s winnings or even their initial deposit. What makes online gambling dangerous is that there is little a client can do in such an instance. Therefore it is important to visit a safe online casino.

Why is online gambling so addictive?

The addictive properties of wagering cash

Online gambling can lead to a bettor developing a powerful psychological addiction to the offered activities. Players can feel euphoric upon winning, and this causes dependency. Here a user can become addicted to the feeling and want to play again and again. Once they are hooked, an online casino will send them emails, notifications, and other absurdities enticing the bettor to visit the gambling webpage again. Generally, gaming addiction has been described by specialists as similar to a substance or alcohol dependency.

Having the gambling webpage at the fingertips

Previously it took a while to find a casino. People had to drive to the venue and get checked and verified by the establishment. Online gambling can be accessed directly from a computer. Or from a smartphone or a tablet. A great variety of providers offer mobile gambling to their clients. If one wants to wager money, they can easily do it from their mobile device while on the train or at a pub. This both increases the demand for gambling and lowers the threshold for wagering money.

If a fan is watching a football match, they can place a bet immediately from their phone. Previously this required a visit to a bookmaker. Online gambling is thus said to have greater habit-forming properties. Similar to cigarettes as opposed to cigars and smoking a pipe.

Why is gambling dangerous

Problem gambling

This is a case of psychological dependency where a bettor will feel depressed when they are not gaming. Here a player will always try to get even with the house and chase their losses. Further, an addict will not be able to restrain themself and make higher and higher wagers. A Gambling Disorder is recognized by the psychiatric profession and patients are offered professional help to assist them in relieving their symptoms. These may include:

• Irritability
• Restlessness
• Problematic gambling behavior
• Lying to hide losses
• Going into debt
• Losing a job or family

The mathematics are against the punter

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When one tries to become even with the house, they tend to forget that the odds on every activity offered, ranging from roulette to slots, are stacked against them. In order to make a profit, casinos require people to lose money. Jackpots and winnings are paid out from other’s losses. Usually, a house edge can be between 1-2%, but sometimes it can go up to 20%. Particularly on the web. Thus the expected value of every bet is negative and players will always lose money in the long run. The same logic applied to bookmakers and other gambling providers.

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Concluding remarks

The gambling industry has adjusted well to the modern age of digital technology. There are plenty of services and platforms offered on the web that provide the services previously only accessible at the brick-and-mortar establishments. While some may have a mediocre reputation, picking a safe webpage to visit is important. Even though wagering funds on the web is said to be more habit-forming than doing it at a land establishment, the industry has only grown in size. Those that need help to stop gambling should talk to their friends and family or visit a health professional.

Online Casino Gambling Addiction

Kidal D. is author at LeraBlog. The author's views are entirely their own and may not reflect the views and opinions of LeraBlog staff.