The Growing Online Casino Industry in Michigan
The Growing Online Casino Industry in Michigan
Online casinos, also referred to as virtual casinos or Internet casino games, are online versions of real casino games. Online casinos allow gamblers around the world to play and gamble on casino online games via the Internet. In most cases, this type of online casino game has become a significant source of revenue for online casino operators. It’s a very lucrative form of online gaming.
However, with the proliferation of online casinos, many states and local governments have attempted to exert additional regulations over online gambling in an effort to inhibit the access of minors to these online casinos and gambling apps. One example is the recent proposal from the Michigan state government that would regulate online casinos in the state. One provision of the proposal calls for the closure of any online casinos that do not require a minimum level of game testing and maintenance performed by a specific date each calendar year. The Michigan state government also wants to ban online casinos from allowing software downloads that do not adhere to the minimum requirements set forth by the U.S. Department of Education regarding educational content and activities.
Although the proposal does not specifically mention online casinos in Michigan, it is assumed that such regulation is designed to affect all online casinos. This means that all online casinos could be affected if the proposal is passed into legislation. There are numerous questions surrounding this proposed legislation, most notably whether or not the state will attempt to regulate and tax Michigan casinos in addition to other types of gaming including online casinos, live casinos and sports betting. It is important to remember that gambling is an area of controversy and the Michigan State government is attempting to take a hands-off approach to the burgeoning online gambling industry.