'I don’t think a lot of people are doing that already. 'The law says if you win more than $300 you should claim it as income – regular income just like your W-2,' Foguth said. Since the pandemic started and Michigan legalized sports betting and launched online sports books and casinos, thousands of more people have entered the gambling market.īefore the law was enacted, you only had to claim your winnings. That is really the only logic behind it.' 'It’s kind of like when you saw the incentive for movies, why would you do that? Why would you do tax breaks for businesses – because it’s going to attract more business. 'Right now, Michigan is deemed to be a hub for online gambling, and I think you are going to see more. 'I think it is going to draw more casinos in – more online betting,' he said. So what's the incentive?įOX 2 spoke to Mike Foguth - president and founder of Foguth Financial. Michigan is expected to lose between $12 million and $17 million in revenue. Start playing your favorite casino games for real money! If you want some tips on how to play some of the best casino games at FanDuel, check out our “how to play casino games” guide.This is something gamblers who have been keeping track of their wins and losses, have only been able to do under federal law - until now. New FanDuel Casino customers in Michigan can get up to $1000 back after their first day! Sign in to your FanDuel account or make a new account. Get the FanDuel Casino App for iOS or Android. If you’re into mobile gaming, don’t worry because FanDuel features optimized apps for iOS users on iPhones and iPads, as well as Android devices. Log in to your account straight from your browser window and start playing right away on your PC or laptop. When FanDuel started their journey into online casinos, they made sure the process was straightforward.įanDuel has been working with top-of-the-line developers to give players the best interactive experience they can while using FanDuel’s programs and services. FanDuel not only provides the best casino games and all the sporting events you want to see, but FanDuel also makes their service easier to use than ever before.

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