Recent Massachusetts Sports Betting Legislation Includes Substantial Tax Increase and Ban on Live Betting

Recent Massachusetts Sports Betting Legislation Includes Substantial Tax Increase and Ban on Live Betting

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Recent Massachusetts Sports Betting Legislation Includes Substantial Tax Increase and Ban on Live Betting

Recent Massachusetts Sports Betting Legislation Includes Substantial Tax Increase and Ban on Live Betting

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Recent Massachusetts Sports Betting Legislation Includes Substantial Tax Increase and Ban on Live Betting

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Massachusetts sports betting might look totally various if a new costs proposed in the Senate is successful. And if history is any indication, controlled sports betting in other states might likewise alter dramatically.

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SD 1657 was presented by Sen. John Keenan. «An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting» intends to increase the current sports betting tax rate from 20% to 51%. Additionally, Sen. Keenan calls for 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 policies. The 2nd thing to understand is that the language of this bill resembles the SAFE Bet Act, a federal piece of legislation introduced in 2024.

This bill 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 regulation.

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

A closer take a look at SD 1657

Taxation

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 turned down. This increase would have been available in the state’s budget bill.

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

Banning live betting and prop betting

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

While Massachusetts and other markets have limitations on college wagering, this would impact even expert sporting occasions.

The costs also seeks to include perks and same-game parlays to the category of «unreasonable and deceptive practices.» Sportsbooks favour same-game parlays due to their high «hold» percentage, the quantity of money they keep off each $1 bet.

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Player Limits

SD 1657 also aims to create necessary daily and regular monthly limitations for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an ‘affordability evaluation’ which includes checking checking account. A gamer 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.

Advertising constraints

Keenan also wants to get rid of marketing during televised sporting occasions. The measure would prohibit sportsbooks from running ads throughout games. The Massachusetts Gaming Commission has checked out developing a restriction on in-game advertisements before. However, this did not go through as national TV deals make this hard to enforce.

Will the step pass?

The step is extreme in its modifications to the sports betting industry in Massachusetts. Banning prop betting and increasing the sports betting tax rate will likely cause pushback from local sportsbooks and industry advocates.

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

He would have to convince the other senators who did not support his effort before to change their minds. If and when the this step, it is impossible to tell how it will be received.

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