Latest Massachusetts Sports Gambling Proposal Includes Massive Tax Hike and Restriction on Real-Time Betting > 자유게시판

Massachusetts sports betting could look entirely various if a brand-new costs proposed in the Senate is successful. And if history is any indication, managed sports betting in other states might also change drastically.

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%. Additionally, Sen. Keenan requires a complete ban on live betting (in-game betting) and .

The main thing to bear in mind is that Massachusetts has actually been at the forefront of stricter sports betting policies. The second thing to know is that the language of this costs resembles the SAFE Bet Act, a federal piece of legislation presented in 2024.

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

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

A closer look at SD 1657

Tax

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 rejected. This increase would have been available in the state's budget costs.

Only 3 markets have tax rates of 51%, the highest in the country: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts currently ranks 6th greatest.

Prohibiting live betting and prop betting

The procedure restricts in-play (live betting) or prop sports betting. Only straight wagers would be enabled, restricting sportsbooks to offering only moneyline, spread, and overalls.

While Massachusetts and other markets have restrictions on collegiate betting, this would affect even expert sporting occasions.

The costs likewise seeks to add bonuses 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 cash they deflect each $1 bet.

Gamer Limits

SD 1657 likewise intends to produce mandatory day-to-day and regular monthly limitations for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an 'price assessment' which involves checking savings account. A player can not wager more than 15% of the quantity in their account.

Massachusetts would become the first market to need a cost evaluation on bettors.

Advertising constraints

Keenan also wishes to remove marketing during televised sporting events. The step would prohibit sportsbooks from running advertisements during video games. The Massachusetts Gaming Commission has looked into creating a ban on in-game ads before. Nevertheless, this did not go through as national TV deals make this difficult to enforce.

Will the procedure pass?

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

Because of this, the step will likely be combated in the Senate and the House of Representatives. In the previous session, Keenan stopped working 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 procedure, it is difficult to tell how it will be received.