HomePublicationsNewsletter ArchiveVolume 26Issue 15MICHIGAN GAMING CONTROL BOARD DEVELOPS FANTASY CONTEST TAX FORMS

The Michigan Gaming Control Board recently announced that it had finalized and posted the monthly fantasy contest tax form.  The form and instruction can be found here. Michigan passed the Fantasy Contests Consumer Protection Act in December 2019 permitting fantasy sports operators to continue to offer contests in Michigan if they had been doing so in Michigan as of May 1, 2018. Operators must report revenue monthly and pay a tax of 8.4% on adjusted revenues to the MGCB. Forms are due on the 20th of each month reporting the previous month’s activity.

 

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