Presidential Election Betting Highly Unlikely To Take Place In Michigan Anytime Soon

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While Michigan sports betting remains inactive due to the state’s shelter in place measures, individuals confined to their homes are seeking amusement amid the COVID-19 pandemic.

On Tuesday, residents of West Virginia found themselves in a similar situation but with a unique opportunity to place bets on the US presidential race. FanDuel, for a limited period, introduced political betting markets exclusively for them.

You should not anticipate a similar occurrence in Michigan as what transpired in West Virginia this week.

Last month, Mary Kay Bean, a spokesperson for the Michigan Gaming Control Board, stated in an email to Playinmichigan that the board is not currently considering allowing betting on political races.

FanDuel opened Presidential election betting in West Virginia

In an unexpected twist, FanDuel obtained the West Virginia Lottery’s approval and started accepting bets on the presidential election taking place on Tuesday.

FanDuel had the market available for a mere two hours before complying with the request from West Virginia officials and taking it down.

According to the West Virginia Code, it is illegal to place bets on elections within the state.

FanDuel posted odds that included:

• The odds for the 2020 Presidential Election are -110 for Donald Trump and +125 for Joe Biden.
• The current odds for the Democratic nominee are as follows: Joe Biden is favored at -714, followed by Andrew Cuomo at +1400, and Bernie Sanders at +1600.
• The Democratic Vice Presidential Nominee odds are as follows: Kamala Harris leads with +188, followed by Amy Klobuchar at +400.
• In the upcoming US Presidential Election 2020, the odds for the winning party are as follows: Republican at -125 and Democrat at -110.
• Party winning by state

Election betting illegal in Michigan too

Wagering on an election is considered a misdemeanor under the prohibited conduct section of Michigan election law.

According to section 168.931(1)(l) of the Michigan Compiled Law, it is prohibited for an individual to bet or stake any property, money, or valuable item, or to hold custody of such assets, on the outcome of a political nomination, appointment, or election.

Michigan lawmakers not opposed to election bets

In December, Michigan legalized sports betting, allowing individuals to place their first bets in Detroit. However, the ongoing pandemic forced the closure of sports events and casinos shortly after.

Last month, Playinmichigan conducted a poll and found that both Democratic Senator Curtis Hertel from East Lansing and Republican Representative Michael Webber from Rochester Hills expressed no personal objections to betting on elections.

Nevertheless, a casino executive on Thursday chose not to provide any comments regarding the matter.

“There’s no positive spin to put on it,” stated Allen Kerridge, the interim CEO of Kewadin Casinos in the Upper Peninsula. “My advice would be to steer clear of it.”

While there may be a desire to invest your money based on your political beliefs, don’t anticipate any immediate financial gains from your support for Biden or Trump.

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