New MA Sports Betting Legislation Includes Massive Tax Increase and Prohibition on Live Betting > 자유게시판

• 목록
• 답변
• 글쓰기
• 게시판 리스트 옵션
  • 수정
  • 삭제

Massachusetts sports betting might look completely different if a brand-new bill proposed in the Senate achieves success. And if history is any indicator, controlled sports betting in other states could likewise 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 present sports betting tax rate from 20% to 51%. Furthermore, Sen. Keenan calls for a complete ban on live sports betting (in-game wagering) and prop bets.

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

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

So, while this is currently a Massachusetts costs, it's most likely to impact other states that provide managed sports betting.

A closer look at SD 1657

Tax

Starting 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 legislative session, however it was declined. This increase would have been available in the state's budget plan costs.

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

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

The bill also looks for to add bonuses and same-game parlays to the category of "unreasonable and misleading practices." Sportsbooks favour same-game parlays due to their high "hold" portion, the quantity of cash they keep off each $1 bet.

Gamer Limits

SD 1657 likewise aims to create compulsory day-to-day and regular monthly limitations for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an 'cost evaluation' 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 very first market to require a cost assessment on bettors.

Advertising limitations

Keenan likewise wants to remove advertising during televised sporting occasions. The procedure would restrict sportsbooks from running ads during games. The Massachusetts Gaming Commission has looked into producing a restriction on in-game ads before. Nevertheless, this did not go through as nationwide television offers make this difficult to implement.

Will the procedure pass?

The step is harsh in its changes 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 market fans.

Because of this, the measure will likely be battled in the Senate and your home of Representatives. In the previous session, Keenan failed to raise the tax rate.

He would need to encourage the other senators who did not support his initiative before to change their minds. If and when the Senate discusses this procedure, it is impossible to inform how it will be received.