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Latest Massachusetts Sports Betting Proposal Contains Substantial Tax Boost & Ban on Real-Time Betting
Massachusetts sports betting might look totally different if a brand-new bill proposed in the Senate is successful. And if history is any sign, managed sports betting in other states could also alter 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%. Additionally, Sen. Keenan calls for a total restriction on live sports betting (in-game wagering) and prop bets.
The main thing to keep in mind is that Massachusetts has actually been at the forefront of stricter sports betting regulations. The second thing to know is that the language of this bill is similar to the SAFE Bet Act, a federal piece of legislation presented in 2024.
This costs was presented not long after previous Massachusetts Governor and present NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting regulation.
So, while this is currently a Massachusetts costs, it’s likely to affect other states that offer controlled sports betting.
A closer take a look at SD 1657
Tax
Starting with the tax rate increase, 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 boost would have can be found in the state’s budget expense.
Only three markets have tax rates of 51%, the highest in the country: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts presently ranks 6th highest.
Prohibiting live betting and prop betting
The measure restricts in-play (live betting) or prop sports betting. Just straight wagers would be allowed, limiting sportsbooks to providing only moneyline, spread, and overalls.
While Massachusetts and other markets have restrictions on college sports betting, this would impact even expert sporting occasions.
The bill likewise looks for to include bonuses and same-game parlays to the category of „unjust and deceptive practices.“ Sportsbooks favour same-game parlays due to their high „hold“ percentage, the quantity of cash they keep off each $1 wagered.
Gamer Limits
SD 1657 also aims to create necessary everyday and month-to-month limits for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an ‚price evaluation‘ which includes inspecting bank accounts. A gamer 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.
Marketing limitations
Keenan likewise wishes to remove advertising during televised sporting occasions. The procedure would forbid sportsbooks from running ads during video 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 deals make this difficult to impose.
Will the measure 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 advocates.
Because of this, the step will likely be fought 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 initiative before to change their minds. If and when the Senate discusses this step, it is impossible to tell how it will be received.