MGCB to receive over $50m in funding
The MGCB has recently announced that it will receive more than 50 million dollars from Michigan.
Recently, the state finalized its budget for the 2024 financial year, as part of which its government has allocated 50.7 million dollars for the gambling regulator. Various portions of this total will be used for different MGCB initiatives and operations, such as its responsible gambling messaging efforts, which will receive around 3 million dollars.
A further 2.2 million dollars and 16 full-time positions will be utilized by the regulator to expand and enhance the list of its gambling programs, while 63 thousand dollars will be used as compensation for the regulatory authority’s board members, who are currently working as volunteers.
Additionally, 2 million dollars will be used for the establishment of an accounts receivable platform, which will make use of pre-existing internal databases along with Michigan’s state-wide SIGMA system.
The regulatory authority’s proposed budget will be presented to Michigan’s Governor, who will have to approve and sign it into law before the MGCB can start utilizing it. The new budget is estimated to go into effect on the first of October, at the start of the 2024 financial year in the state.