Don't bank on using credit, debit card for online gambling in Michigan
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Some card issuers are not issuing credit or debit cards for online gambling in Michigan. Regulators say it will take at least six months before the industry settles on how to handle the cards. There are ways of gambling online without a credit card. In the United Kingdom, gambling with credit cards is banned. In Michigan, it is permitted. Some outlets accept bank or wire transfers. Others allow you to set up a e-Wallet. e.wallet providers process financial transactions with online betting sites. They are a fast-growing segment of the gambling industry. According to NerdWallet, using a card for gambling is a "roll of a dice" because the usual purchasing rules might not apply.
The minimum age for online gambling and sports betting in Michigan is 21. You must be within the state's borders to place bets via smartphone app or computer. The tax rate and the tribal payment rate for internet sports gambling is 8.4%.
