Michigan Budget Deal Includes Additional $7 Million For MGCB

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In an announcement on Tuesday, the Michigan Gaming Control Board revealed that it will be granted an extra $7 million in funding for Fiscal Year 2025.

A bipartisan agreement on the state budget has been reached by legislative leaders, and it is now awaiting the signature of Gov. Gretchen Whitmer. The deal includes additional funding for the MGCB, which will primarily be allocated to support responsible gambling services.

In addition, it will also tackle the creation of new positions mandated by the MGCB, and address the allocation of funds towards charitable causes.

Three priorities with added MGCB funding from Michigan budget

Michigan’s budget amounts to approximately $76 billion in total and is projected to come into effect from October 1st.

“MGCB Executive Director Henry Williams expressed gratitude towards Gov. Whitmer and the legislature, acknowledging their exemplary leadership and the commendable budget agreement. This deal highlights the significant importance of the MGCB in upholding fair and transparent gaming practices within the State of Michigan. The allocated funds in our 2025 budget prioritize investments aimed at fortifying our mission and integrity, fostering support for local charities, and educating Michigan citizens about responsible gaming practices,” conveyed Henry Williams, Executive Director of the MGCB.

The 2025 funding of MGCB revolves around three main focal points.

• Responsible Gaming: Develop an all-encompassing responsible gaming communication initiative that effectively disseminates the message. Additionally, guide individuals towards accessible RG support services, while expanding the reach of RG to community groups.
• Millionaire Parties: Establishing a reliable funding stream for charitable gaming events. This additional funding will address financial needs and enable the MGCB to support charities without raising licensing fees.
• To address the unexpectedly high increase in internet gaming, online sports betting, and fantasy contest activity, it is proposed to establish additional positions within the MGCB and enhance IT support. Moreover, the network storage capacity and speeds in MGCB casino offices will be augmented to facilitate smooth operations. A total of 31 new staff positions are recommended for this purpose.

Tax revenue aiding MGCB as well

Not only has the increase in online gambling created a demand for more roles in the MGCB, but it has also brought substantial funding to the organization.

The MGCB receives a portion of the tax revenue generated from internet gambling to cover the expenses associated with regulating and enforcing the Internet Gaming Act.

Tax rates on online casinos vary between 20-28% based on the operators’ annual adjusted gross receipts. Out of this amount, 65% from non-tribal operators and 70% from tribal operators is allocated to the Internet Gaming Fund.

Online sports betting operators are subject to an 8.4% tax on their adjusted gross sports betting receipts. Non-tribal operators contribute 65% of this amount to the Internet Sports Betting Fund, while tribal operators contribute 90%.

The MGCB’s yearly operations are supported by both funds mentioned, along with the Fantasy Contest Fund, which imposes an 8.4% tax rate on operators.

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