
Latest MA Sports Betting Bill Features Massive Tax Boost and Restriction on Live Betting
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Recent Massachusetts Sports Betting Proposal Features Significant Tax Boost & Ban on Real-Time Betting
Massachusetts sports betting might look completely various if a new expense proposed in the Senate is successful. And if history is any indication, managed sports betting in other states could also change dramatically.
SD 1657 existed by Sen. John Keenan. “An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting” aims to increase the present sports betting tax rate from 20% to 51%. Additionally, Sen. Keenan calls for a total restriction on live sports betting (in-game wagering) and prop bets.
The main point to remember is that Massachusetts has actually been at the leading edge of stricter sports betting regulations. The second thing to understand is that the language of this costs resembles the SAFE Bet Act, a federal piece of legislation introduced in 2024.
This bill was introduced not long after former Massachusetts Governor and current NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting guideline.
So, while this is currently a Massachusetts costs, 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 actually been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legislative session, but it was rejected. This increase would have been available in the state’s spending plan bill.
Just 3 markets have tax rates of 51%, the highest in the nation: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts presently ranks 6th greatest.
Prohibiting live betting and prop betting
The procedure forbids in-play (live sports betting) or prop sports betting. Only straight wagers would be permitted, restricting sportsbooks to using only moneyline, spread, and overalls.
While Massachusetts and other markets have limitations on collegiate wagering, this would affect even professional sporting events.
The expense also seeks to include perks and same-game parlays to the classification of “unreasonable and misleading practices.” Sportsbooks favour same-game parlays due to their high “hold” percentage, the amount of money they deflect each $1 wagered.
Gamer Limits
SD 1657 also intends to produce mandatory everyday and monthly limits for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘cost evaluation’ which includes examining checking account. A player 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 limitations
Keenan likewise wishes to eliminate advertising throughout telecasted sporting events. The step would prohibit sportsbooks from running advertisements throughout video games. The Massachusetts Gaming Commission has actually looked into creating a restriction on in-game ads before. However, this did not go through as nationwide television offers make this difficult to implement.
Will the procedure pass?
The step is severe in its modifications to the sports betting industry in Massachusetts. Banning prop sports betting and increasing the sports betting tax rate will likely result in pushback from local sportsbooks and market supporters.
Because of this, the step will likely be combated in the Senate and the House of Representatives. In the previous session, Keenan stopped working 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 step, it is difficult to tell how it will be gotten.