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Recent MA Sports Betting Proposal Features Substantial Tax Increase and Prohibition on Real-Time Betting

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Recent MA Sports Betting Proposal Features Substantial Tax Increase and Prohibition on Real-Time Betting

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Recent MA Sports Betting Proposal Features Substantial Tax Increase and Prohibition on Real-Time Betting

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Massachusetts sports betting might look entirely different if a brand-new expense proposed in the Senate achieves success. And if history is any sign, controlled sports betting in other states might also change considerably.

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SD 1657 existed 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%. Furthermore, Sen. Keenan calls for a total ban on live sports betting (in-game wagering) and prop bets.

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The main point to bear in mind is that Massachusetts has actually been at the leading edge of more stringent sports betting guidelines. The second thing to know 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 testified in front of the Senate in a meeting on sports betting policy.

So, while this is currently a Massachusetts expense, it’s likely to affect other states that use controlled sports betting.

A closer look at SD 1657

Taxation

Starting with the tax rate boost, bringing sports betting to 51% has actually been a target for Sen. Keenan before. Keenan proposed a tax increase at the last legal session, however it was turned down. This boost would have come in the state’s budget expense.

Just 3 markets have tax rates of 51%, the greatest in the country: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts currently ranks 6th highest.

Prohibiting live betting and prop betting

The procedure forbids in-play (live sports betting) or prop betting. Only straight wagers would be allowed, limiting sportsbooks to using only moneyline, spread, and overalls.

While Massachusetts and other markets have limitations on college sports betting, this would affect even expert sporting occasions.

The expense also looks for to add bonus offers and same-game parlays to the category of “unfair 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 aims to develop mandatory day-to-day and regular monthly limitations for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an ‘affordability assessment’ which includes checking bank accounts. A gamer can not wager more than 15% of the amount in their account.

Massachusetts would end up being the very first market to need a price assessment on bettors.

Advertising restrictions

Keenan likewise wants to get rid of marketing during televised sporting occasions. The measure would forbid sportsbooks from running ads throughout games. The Massachusetts Gaming Commission has looked into creating a ban on in-game ads before. However, this did not go through as nationwide television offers make this hard to impose.

Will the procedure pass?

The step is severe in its modifications to the sports betting industry in Massachusetts. Banning prop betting and increasing the sports betting tax rate will likely result in pushback from local sportsbooks and market fans.

Because of this, the procedure will likely be fought in the Senate and your home of Representatives. In the previous session, Keenan stopped working to raise the tax rate.

He would have to encourage 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 inform how it will be received.

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