Recent Massachusetts Sports Betting Proposal Includes Substantial Tax Hike & Ban on In-Play Betting

Recent Massachusetts Sports Betting Proposal Includes Substantial Tax Hike & Ban on In-Play Betting

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Recent Massachusetts Sports Betting Proposal Includes Substantial Tax Hike & Ban on In-Play Betting

Recent Massachusetts Sports Betting Proposal Includes Substantial Tax Hike & Ban on In-Play Betting

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Recent Massachusetts Sports Betting Proposal Includes Substantial Tax Hike & Ban on In-Play Betting

Massachusetts sports betting might look completely various if a brand-new costs proposed in the Senate achieves success. And if history is any indication, controlled sports betting in other states could also alter considerably.

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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 existing sports betting tax rate from 20% to 51%. Additionally, Sen. Keenan requires a complete restriction on live betting (in-game wagering) and prop bets.

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The main thing to bear in mind is that Massachusetts has been at the leading edge of stricter sports betting guidelines. The 2nd thing to know is that the language of this bill resembles the SAFE Bet Act, a federal piece of legislation introduced in 2024.

This bill was presented not long after former Massachusetts Governor and current NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting regulation.

So, while this is presently a Massachusetts bill, it’s likely to impact other states that use controlled sports betting.

A closer take a look at SD 1657

Taxation

Beginning with the tax rate boost, bringing sports betting to 51% has actually been a target for Sen. Keenan before. Keenan proposed a tax increase at the last legal session, but it was rejected. This increase would have can be found in the state’s budget plan bill.

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

Prohibiting live betting and prop betting

The measure prohibits in-play (live betting) or prop betting. Just straight wagers would be allowed, restricting sportsbooks to providing only moneyline, spread, and totals.

While Massachusetts and other markets have restrictions on collegiate wagering, this would impact even expert sporting events.

The expense also looks for to add perks and same-game parlays to the classification of «unreasonable and deceptive practices.» Sportsbooks favour same-game parlays due to their high «hold» percentage, the amount of money they keep off each $1 bet.

Player Limits

SD 1657 also aims to develop necessary day-to-day and monthly limits for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an ‘price evaluation’ which involves examining . A gamer can not wager more than 15% of the quantity in their account.

Massachusetts would become the very first market to require a price assessment on bettors.

Marketing constraints

Keenan likewise wishes to get rid of marketing throughout telecasted sporting occasions. The step would forbid sportsbooks from running advertisements during games. The Massachusetts Gaming Commission has actually checked out developing a ban on in-game ads before. However, this did not go through as nationwide TV offers make this difficult to impose.

Will the procedure pass?

The step is extreme in its changes to the sports betting industry in Massachusetts. Banning prop betting and increasing the sports betting tax rate will likely lead to pushback from local sportsbooks and market fans.

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

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

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