
New MA Sports Betting Proposal Contains Massive Tax Increase and Prohibition on Real-Time Betting
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Data de fundação 24 de abril de 1915
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Latest Massachusetts Sports Betting Legislation Includes Significant Tax Boost & Prohibition on Live Betting
Massachusetts sports betting might look completely different if a brand-new expense proposed in the Senate achieves success. And if history is any sign, managed sports betting in other states could likewise change drastically.
SD 1657 was presented by Sen. John Keenan. “An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting” aims to increase the current sports betting tax rate from 20% to 51%. Additionally, Sen. Keenan calls for a total ban on live betting (in-game betting) and prop bets.
The main point to keep in mind is that Massachusetts has been at the forefront of more stringent sports betting guidelines. The 2nd thing to know is that the language of this expense is similar to the SAFE Bet Act, a federal piece of legislation introduced in 2024.
This expense was introduced not long after former Massachusetts Governor and existing NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting guideline.
So, while this is presently a Massachusetts costs, it’s likely to affect other states that offer managed sports betting.
A closer look at SD 1657
Taxation
Starting with the tax rate boost, bringing sports betting to 51% has been a target for Sen. Keenan before. Keenan proposed a tax increase at the last legislative session, but it was declined. This increase would have been available in the state’s budget expense.
Only 3 markets have tax rates of 51%, the greatest in the nation: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts currently ranks 6th greatest.
Banning live betting and prop betting
The step restricts in-play (live betting) or prop betting. Only straight wagers would be allowed, restricting sportsbooks to offering just moneyline, spread, and totals.
While Massachusetts and other markets have limitations on collegiate betting, this would affect even professional sporting events.
The costs likewise looks for to add bonus offers and same-game parlays to the category of “unjust and deceptive practices.” Sportsbooks favour same-game parlays due to their high “hold” portion, the quantity of money they keep off each $1 wagered.
Player Limits
SD 1657 likewise intends to develop necessary daily and regular monthly limitations for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘cost evaluation’ which includes checking checking account. A gamer can not wager more than 15% of the amount in their account.
Massachusetts would become the very first market to need a cost assessment on bettors.
Advertising restrictions
Keenan also wants to remove marketing throughout televised sporting occasions. The measure would prohibit sportsbooks from running advertisements during games. The Massachusetts Gaming Commission has looked into developing a ban on in-game ads before. Nevertheless, this did not go through as national TV offers make this hard to implement.
Will the step pass?
The step is harsh in its changes to the sports betting industry in Massachusetts. Banning prop betting and increasing the sports betting tax rate will likely cause pushback from local sportsbooks and market advocates.
Because of this, the procedure will likely be battled in the Senate and the House of Representatives. In the previous session, Keenan failed to raise the tax rate.
He would have to convince the other senators who did not support his initiative before to alter their minds. If and when the Senate discusses this measure, it is difficult to tell how it will be gotten.