Sport Betting Industry Looks To Protect Itself

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New Massachusetts Sports Betting Bill Contains Substantial Tax Hike & Prohibition on Live Betting

Massachusetts sports betting could look entirely different if a new expense proposed in the Senate achieves success. And if history is any indicator, controlled sports betting in other states could likewise 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 complete restriction on live betting (in-game sports betting) and prop bets.

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The main thing to remember is that Massachusetts has been at the forefront of more stringent sports betting policies. The second thing to understand is that the language of this expense is similar to the SAFE Bet Act, a federal piece of legislation introduced in 2024.

This costs 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.

So, while this is presently a Massachusetts costs, it’s most likely to affect other states that provide managed sports betting.

A closer 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 increase at the last legislative session, however it was turned down. This boost would have can be found in the state’s budget bill.

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

Banning live betting and prop betting

The step restricts in-play (live sports betting) or prop sports betting. Just straight wagers would be enabled, restricting sportsbooks to providing just moneyline, spread, and overalls.

While Massachusetts and other markets have constraints on collegiate sports betting, this would impact even professional sporting events.

The expense also seeks to add benefits and same-game parlays to the classification of “unjust and misleading practices.” Sportsbooks favour same-game parlays due to their high “hold” portion, the amount of money they keep off each $1 bet.

Gamer Limits

SD 1657 also intends to create necessary everyday and month-to-month limits for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘price assessment’ which involves inspecting bank accounts. A player can not wager more than 15% of the amount in their account.

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

Marketing limitations

Keenan likewise wishes to eliminate marketing during televised sporting occasions. The step would forbid sportsbooks from running advertisements throughout games. The Massachusetts Gaming Commission has looked into producing a restriction on in-game advertisements before. However, this did not go through as national TV offers make this tough to implement.

Will the step pass?

The step is harsh in its changes 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.

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Because of this, the procedure 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 encourage the other senators who did not support his effort before to alter their minds. If and when the Senate discusses this step, it is impossible to inform how it will be received.

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