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As far as casual betting, the (Michigan) state laws also mention that all recreational or social gambling is illegal, but if the amount won or lost is under $50 then they will only take the winnings. If it is over $50 then those gambling recreationally are subject to up to a year in jail or a $1,000 fine.
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So if I win $50, they take all my money but if I win $5000 I keep $4000 and serve a year in jail? I prefer the latter.
