
Sport Betting Industry Wants To Protect Itself
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Recent MA Sports Betting Legislation Includes Massive Tax Hike & Ban on In-Play Betting
Massachusetts sports betting might look totally different if a new bill proposed in the Senate is successful. And if history is any indication, regulated sports betting in other states could also alter significantly.
SD 1657 existed 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 requires a total ban on live sports betting (in-game betting) and prop bets.
The main point to keep in mind is that Massachusetts has actually been at the forefront of more stringent sports betting policies. The second thing to understand is that the language of this costs resembles the SAFE Bet Act, a federal piece of legislation presented in 2024.
This costs was introduced not long after former Massachusetts Governor and existing NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting policy.
So, while this is currently a Massachusetts bill, it’s most likely to impact other states that use controlled sports betting.
A closer take a look at SD 1657
Taxation
Starting with the tax rate boost, bringing sports betting to 51% has been a target for Sen. Keenan before. Keenan proposed a tax increase at the last legislative session, but it was turned down. This boost would have can be found in the state’s budget plan bill.
Only 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 highest.
Banning live betting and prop betting
The measure restricts in-play (live sports betting) or prop betting. Just straight wagers would be enabled, restricting sportsbooks to using only moneyline, spread, and overalls.
While Massachusetts and other markets have restrictions on college wagering, this would impact even professional sporting occasions.
The costs likewise seeks to include rewards and same-game parlays to the category of “unjust and deceptive practices.” Sportsbooks favour same-game parlays due to their high “hold” portion, the quantity of cash they keep off each $1 wagered.
Gamer Limits
SD 1657 also intends to create compulsory everyday and monthly limits for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘price assessment’ which includes checking checking account. A player can not wager more than 15% of the amount in their account.
Massachusetts would become the first market to need an affordability assessment on bettors.
Advertising restrictions
Keenan also wishes to remove marketing during telecasted sporting events. The procedure would forbid sportsbooks from running ads throughout games. The Massachusetts Gaming Commission has actually looked into creating a ban on in-game ads before. However, this did not go through as national television offers make this difficult to enforce.
Will the procedure pass?
The procedure is harsh in its modifications to the sports betting industry in Massachusetts. Banning prop sports betting and increasing the sports betting tax rate will likely lead to pushback from local sportsbooks and industry fans.
Because of this, the step will likely be combated in the Senate and your home of Representatives. In the previous session, Keenan stopped working 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 difficult to inform how it will be gotten.