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Sports Betting Michigan Reddit . The license itself comes with a $100,000 price tag, an application fee of $50,000 and an annual renewal fee of $50,000 for approved casinos. As politicians did the legislative shuffle in lansing, mi, casino executives and tribal administrations circled with numerous entities to run their sportsbooks and provide sports betting technologies. Detroit Red Wings Detroit Red Wings 'Heritage' concept from detroitsportsnation.com It also has some of the friendliest laws regulating this industry, and there are exciting plans in place for the future. Top mi online sportsbooks (2022) online sports betting arrived in michigan at the start of 2021, and the great lakes state hasn’t looked back since. Tuesday’s release of april retail sports betting revenue numbers from detroit’s three commercial casinos pushed the state to $1,015,212,003.79 in sports bets made in just over a year’s time.