
Sport Betting Industry Seeks To Protect Itself
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Latest MA Sports Betting Bill Contains Massive Tax Increase and Prohibition 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, controlled sports betting in other states might also alter drastically.
SD 1657 existed by Sen. John Keenan. “An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting” intends to increase the existing sports betting tax rate from 20% to 51%. In Addition, Sen. Keenan requires a complete restriction on live betting (in-game wagering) and prop bets.
The main thing to keep in mind is that Massachusetts has actually been at the leading edge of more stringent sports betting policies. The second thing to know is that the language of this expense resembles the SAFE Bet Act, a federal piece of legislation introduced in 2024.
This costs was introduced not long after former Massachusetts Governor and present NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting guideline.
So, while this is currently a Massachusetts bill, it’s likely to affect other states that provide regulated sports betting.
A closer take a look at SD 1657
Taxation
Starting with the tax rate increase, bringing sports betting to 51% has been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legislative session, but it was declined. This boost would have been available in the state’s budget plan bill.
Only 3 markets have tax rates of 51%, the highest in the country: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts presently ranks sixth greatest.
Banning live betting and prop betting
The procedure restricts in-play (live betting) or prop betting. Only straight wagers would be allowed, limiting sportsbooks to providing only moneyline, spread, and overalls.
While Massachusetts and other markets have constraints on collegiate sports betting, this would affect even expert sporting occasions.
The bill also looks for to include bonuses and same-game parlays to the classification of “unreasonable and deceptive practices.” Sportsbooks favour same-game parlays due to their high “hold” percentage, the quantity of money they deflect each $1 bet.
Gamer Limits
SD 1657 also intends to produce obligatory daily and monthly limitations for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘affordability evaluation’ which includes checking bank accounts. A player can not wager more than 15% of the amount in their account.
Massachusetts would become the first market to need a price evaluation on bettors.
Marketing constraints
Keenan likewise wants to eliminate advertising throughout televised sporting occasions. The procedure would forbid sportsbooks from running ads throughout video games. The Massachusetts Gaming Commission has checked out creating a restriction on in-game ads before. However, this did not go through as national TV deals make this hard to enforce.
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 industry advocates.
Because of this, the measure will likely be fought in the Senate and the House 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 change their minds. If and when the Senate discusses this procedure, it is impossible to inform how it will be received.