new-ma-sports-betting-legislation-includes-substantial-tax-increase-and-ban-on-in-play-betting

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Massachusetts sports betting might look totally various if a new expense proposed in the Senate is successful. And if history is any sign, regulated sports betting in other states could likewise change significantly.

SD 1657 existed 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 total ban on live sports betting (in-game betting) and prop bets.

The main point to remember is that Massachusetts has actually been at the leading edge of stricter sports betting policies. The 2nd thing to know is that the language of this costs is similar to the SAFE Bet Act, a federal piece of legislation introduced in 2024.

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

So, while this is currently a Massachusetts costs, it's most likely to affect other states that use regulated sports betting.
A closer 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 legal session, but it was turned down. This increase would have can be found in the state's spending plan expense.

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 sixth highest.
Prohibiting live betting and prop betting
The step prohibits in-play (live betting) or prop sports betting. Just straight wagers would be permitted, limiting sportsbooks to providing only moneyline, spread, and totals.

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

The expense likewise seeks to include perks and same-game parlays to the category of "unfair and deceptive practices." Sportsbooks favour same-game parlays due to their high "hold" percentage, the amount of money they deflect each $1 bet.
Player Limits
SD 1657 likewise intends to create mandatory daily and month-to-month limits for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an 'price assessment' which includes inspecting bank accounts. A player can not wager more than 15% of the amount in their account.
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Massachusetts would become the first market to need a cost evaluation on bettors.
Marketing constraints
Keenan also wishes to eliminate marketing throughout televised sporting occasions. The measure would restrict sportsbooks from running advertisements during games. The Massachusetts Gaming Commission has looked into developing a ban on in-game advertisements before. However, this did not go through as national TV offers make this tough to impose.
Will the step pass?
The procedure is severe 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 fans.
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Because of this, the step 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 have to persuade the other senators who did not support his effort before to alter their minds. If and when the Senate discusses this step, it is difficult to inform how it will be gotten.