Michigan Gambling Regulator Receives $7 Million In New FundingMoney To Be Used For Various Regulatory Purposes |
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Michigan lawmakers have reached a deal for the state’s Fiscal Year 2023 budget, and it includes $7 million in additional funding for the Michigan Gaming Control Board.
The budget deal now heads to Gov. Gretchen Whitmer’s desk to await signature and is expected to take effect October 1.
The additional funding for the MGCB will support a “comprehensive” responsible gaming messaging campaign that will direct citizens to services available for problem gambling, as well as extend MGCB outreach to community organizations.
The budget also created a stable funding source for charitable gaming “millionaire party” events. The deal will address capital concerns and ensure the MGCB can continue its current level of service to charities without any increase in licensing fees.
The additional $7 million per year will also be used for new MGCB positions and IT support to assist with the “surge of higher-than-expected internet gaming activity, internet sports betting, and fantasy contests.” The funding will increase network storage capacity, and network speeds in MGCB casino offices to support operations, including the transfer of large regulatory files.
“I would like to thank Governor Whitmer and the legislature for their leadership and a budget deal that recognizes the crucial role the MGCB plays in ensuring fair and honest gaming in the State of Michigan," said MGCB Executive Director Henry Williams. “Our 2023 budget emphasizes investments to help strengthen our mission and integrity, support local charities, and educate Michigan citizens on ways to enjoy gaming responsibly.”
Online casinos regulated by the MGCB generate about $130 million a month, according to state figures. Since inception, Michigan sportsbooks have taken about $6.2 billion in bets, with winnings from sports bettors totaling about $250 million.
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