Recent MA Sports Betting Legislation Features Significant Tax Increase & Prohibition on Real-Time Betting

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Latest Massachusetts Sports Betting Legislation Features Substantial Tax Increase & Ban on Real-Time Betting

Massachusetts sports betting might look completely various if a brand-new bill proposed in the Senate achieves success. And if history is any sign, managed sports betting in other states could also alter 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%. Furthermore, Sen. Keenan requires a complete ban on live betting (in-game betting) and prop bets.

The main thing to bear in mind is that Massachusetts has actually been at the forefront of more stringent sports betting regulations. The 2nd thing to know is that the language of this expense resembles the SAFE Bet Act, a federal piece of legislation introduced in 2024.

This expense was presented not long after former Massachusetts Governor and existing NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting guideline.

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So, while this is presently a Massachusetts expense, it’s most likely to affect other states that offer regulated 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 legal session, however it was rejected. This increase would have come in the state’s budget costs.

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

Prohibiting live betting and prop betting

The measure prohibits in-play (live betting) or prop sports betting. Just straight wagers would be permitted, limiting sportsbooks to using just moneyline, spread, and totals.

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While Massachusetts and other markets have constraints on collegiate wagering, this would impact even professional sporting occasions.

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The costs likewise seeks to include perks and same-game parlays to the category of “unjust and misleading practices.” Sportsbooks favour same-game parlays due to their high “hold” portion, the amount of cash they keep off each $1 wagered.

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Gamer Limits

SD 1657 also intends to develop obligatory day-to-day and regular monthly limits for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an ‘affordability assessment’ 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 need a price assessment on bettors.

Advertising limitations

Keenan likewise wants to eliminate marketing during televised sporting events. The procedure would restrict sportsbooks from running ads throughout games. The Massachusetts Gaming Commission has actually checked out producing a restriction on in-game ads before. However, this did not go through as nationwide television deals make this difficult to impose.

Will the step pass?

The measure is severe in its changes 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 supporters.

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

He would need to persuade the other senators who did not support his initiative before to alter their minds. If and when the Senate discusses this measure, it is impossible to tell how it will be gotten.

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