
Recent MA Sports Betting Bill Features Massive Tax Boost and Prohibition on Real-Time Betting
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Data di fondazione Giugno 13, 1987
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Latest Massachusetts Sports Betting Proposal Contains Significant Tax Hike & Prohibition on Live Betting
Massachusetts sports betting could look completely different if a new bill proposed in the Senate succeeds. And if history is any sign, controlled sports betting in other states could also change considerably.
SD 1657 was presented by Sen. John Keenan. “An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting” aims to increase the existing sports betting tax rate from 20% to 51%. Furthermore, Sen. Keenan requires a complete restriction on live sports betting (in-game wagering) and prop bets.
The main thing to remember is that Massachusetts has actually been at the forefront of more stringent sports betting guidelines. The 2nd thing to know is that the language of this bill is similar to the SAFE Bet Act, a federal piece of legislation introduced in 2024.
This expense was presented not long after previous Massachusetts Governor and current NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting policy.
So, while this is presently a Massachusetts bill, it’s most likely to affect other states that use controlled sports betting.
A closer look at SD 1657
Tax
Starting with the tax rate increase, bringing sports betting to 51% has been a target for Sen. Keenan before. Keenan proposed a tax increase at the last legislative session, however it was rejected. This increase would have come in the state’s budget bill.
Just three markets have tax rates of 51%, the highest in the nation: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts currently ranks sixth highest.
Banning live betting and prop betting
The step restricts in-play (live sports betting) or prop sports betting. Only straight wagers would be allowed, restricting sportsbooks to providing just moneyline, spread, and totals.
While Massachusetts and other markets have constraints on college wagering, this would impact even professional sporting occasions.
The costs likewise looks for to add rewards and same-game parlays to the classification of “unjust and deceptive practices.” Sportsbooks favour same-game parlays due to their high “hold” percentage, the amount of cash they deflect each $1 wagered.
Player Limits
SD 1657 likewise aims to develop mandatory daily and regular monthly limitations for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an ‘cost evaluation’ which involves examining checking account. A player can not wager more than 15% of the amount in their account.
Massachusetts would end up being the first market to require a cost assessment on bettors.
Marketing constraints
Keenan likewise wants to eliminate advertising during televised sporting occasions. The measure would prohibit sportsbooks from running ads during video games. The Massachusetts Gaming Commission has actually checked out creating a restriction on in-game advertisements before. Nevertheless, this did not go through as national TV deals make this difficult to enforce.
Will the step pass?
The procedure is harsh in its changes to the sports betting industry in Massachusetts. Banning prop sports betting and increasing the sports betting tax rate will likely cause pushback from local sportsbooks and industry fans.
Because of this, the step will likely be combated in the Senate and your home of Representatives. In the previous session, Keenan failed to raise the tax rate.
He would need to persuade the other senators who did not support his effort before to alter their minds. If and when the Senate discusses this procedure, it is impossible to tell how it will be received.