
Recent Massachusetts Sports Betting Bill Includes Substantial Tax Increase and Ban on Live Betting
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Recent MA Sports Betting Bill Features Significant Tax Hike and Ban on Live Betting
Massachusetts sports betting could look completely different if a brand-new costs proposed in the Senate succeeds. And if history is any indication, controlled sports betting in other states might also change considerably.
SD 1657 existed by Sen. John Keenan. “An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting” intends to increase the present sports betting tax rate from 20% to 51%. Furthermore, Sen. Keenan requires a complete ban on live sports betting (in-game wagering) and prop bets.
The main thing to bear in mind is that Massachusetts has been at the forefront of more stringent sports betting policies. The 2nd thing to understand is that the language of this bill resembles the SAFE Bet Act, a federal piece of legislation presented in 2024.
This costs was presented not long after former Massachusetts Governor and existing NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting regulation.
So, while this is currently a Massachusetts bill, it’s most likely to affect other states that use controlled sports betting.
A closer take a look at SD 1657
Tax
Starting with the tax rate boost, bringing sports betting to 51% has been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legal session, but it was turned down. This increase would have come in the state’s spending plan expense.
Just 3 markets have tax rates of 51%, the highest in the nation: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts currently ranks sixth greatest.
Banning live betting and prop betting
The procedure forbids in-play (live sports betting) or prop sports betting. Just straight wagers would be allowed, restricting sportsbooks to providing just moneyline, spread, and overalls.
While Massachusetts and other markets have constraints on collegiate wagering, this would affect even professional sporting occasions.
The bill also seeks to include perks and same-game parlays to the category of “unreasonable and misleading practices.” Sportsbooks favour same-game parlays due to their high “hold” portion, the amount of cash they deflect each $1 wagered.
Player Limits
SD 1657 likewise intends to produce mandatory everyday and regular monthly limitations for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘affordability assessment’ which involves checking checking account. A player can not wager more than 15% of the quantity in their account.
Massachusetts would become the first market to require a price assessment on bettors.
Advertising limitations
Keenan likewise wishes to eliminate marketing during telecasted sporting occasions. The step would restrict sportsbooks from running ads during games. The Massachusetts Gaming Commission has actually checked out producing a restriction on in-game advertisements before. However, this did not go through as national television deals make this hard to enforce.
Will the measure pass?
The procedure is harsh in its modifications to the sports betting industry in Massachusetts. Banning prop sports betting and increasing the sports betting tax rate will likely lead to pushback from local sportsbooks and market fans.
Because of this, the step will likely be fought in the Senate and the House of Representatives. In the previous session, Keenan stopped working to raise the tax rate.
He would need to persuade the other senators who did not support his effort before to change their minds. If and when the Senate discusses this procedure, it is difficult to tell how it will be received.