LANSING, MI (MPRN)-- The state house voted Thursday to legalize fantasy sports gaming in Michigan.
The bills both legalize fantasy sports gaming and create a statutory framework overseeing it.
Steve Brubaker is an attorney representing Small Businesses of Fantasy Sports Trade Association. He says the bills $50,000 registration fee too steep for smaller fantasy gaming businesses.
“The companies that will pay that price to operate in Michigan are two: Draft Kings and Fan Duel,” he says.
Brubaker says the states fee would take a substantial cut from the profit margin of smaller fantasy sports businesses.
The bills’ supporters say the fee is in line with what other states charge.