Michigan Gaming Control Board Reminding Residents to Use Legit Sports Betting Sites

Michigan Gaming Control Board Reminding Residents to Use Legit Sports Betting Sites
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Michigan sports betting and internet casino gaming has been live for nearly a year.

The state launched their mobile gaming platforms on Jan. 22.

While online gaming is still relatively new in the state, the Michigan Gaming Control Board (MGCB) is reminding residents to use regulated and approved online sports betting sites and apps. Using unregulated sites may lead to identity theft or deposit theft, according to MGCB Executive Director Henry Williams.

“If you share personal information with an unregulated gambling site, there are no guarantees your information won’t be sold to or used by criminals,” Williams said. “Identity theft is the most common complaint received by the Federal Trade Commission. In 2020, 1.3 million identity theft reports were made in the U.S., including more than 24,000 cases of identity theft reported in Michigan.”

The federal Internal Revenue Service notes thieves look to obtain personal information to apply for credit, file taxes or obtain medical services. These activities can cause damage to your credit status and cost you time and money to recover.

According to the MGCB, it has received complaints from players saying unregulated sites are not paying out winnings or can’t secure a deposited refund. People using these sites don’t have recourse to seek recovery of their money through regulatory agencies or the courts.

“Unlike regulated gambling, there is no mechanism for the MGCB to handle a patron dispute with an unregulated, offshore gambling site,” Williams said. “Our agency does not have the authority to pursue a dispute with an unregulated site.”

The Federal Bureau of Investigations has also found unregulated gambling sites supports organized crime through money laundering. By comparison, regulated casinos and internet gaming sites are required to know your customer and anti-money laundering requirements.

To protect players, the MGCB has a list of approved and authorized internet casino gaming and online sports betting sites licensed by the MGCB.

Sports Betting in Michigan

From Jan. 22 through October, Michigan residents have wagered $2.6 billion online in sports betting. The total adjusted gross sports betting receipts is $65.2 million over that span, while $4.9 million in taxes have been paid to the state.

FanDuel Sportsbook is the top operator so far, taking in $757.9 million in bets.

DraftKings Sportsbook ($704.5 million) and BetMGM ($618.5 million) round out the top three and have accounted for over $2 billion of the state’s total handle.

There are now 14 sportsbooks available in Michigan.