Sport Betting Industry Wants To Protect Itself

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New MA Sports Betting Bill Includes Massive Tax Hike and Restriction on Live Betting

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Massachusetts sports betting could look completely different if a new costs proposed in the Senate is successful. And if history is any sign, managed sports betting in other states might also alter significantly.

SD 1657 was presented 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%. Furthermore, Sen. Keenan requires a total ban on live betting (in-game wagering) and prop bets.

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The main point to keep in mind is that Massachusetts has actually been at the forefront of more stringent sports betting regulations. The 2nd thing to know is that the language of this expense resembles the SAFE Bet Act, a federal piece of legislation introduced in 2024.

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

So, while this is currently a Massachusetts expense, it’s most likely to affect other states that offer managed sports betting.

A closer look at SD 1657

Tax

Beginning with the tax rate increase, 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 boost would have been available in the state’s budget plan costs.

Just 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 greatest.

Prohibiting live betting and prop betting

The procedure forbids in-play (live betting) or prop betting. Just straight wagers would be permitted, restricting sportsbooks to providing just moneyline, spread, and totals.

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

The costs likewise looks for to add rewards and same-game parlays to the classification of « unfair and misleading practices. » Sportsbooks favour same-game parlays due to their high « hold » percentage, the quantity of cash they keep off each $1 wagered.

Player Limits

SD 1657 likewise intends to develop obligatory everyday and monthly limits for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an ‘cost evaluation’ which involves checking checking account. A gamer can not wager more than 15% of the quantity in their account.

Massachusetts would end up being the very first market to require an affordability evaluation on bettors.

Advertising constraints

Keenan likewise wishes to eliminate advertising during telecasted sporting events. The step would restrict sportsbooks from running ads throughout games. The Massachusetts Gaming Commission has actually looked into developing a restriction on in-game advertisements before. However, this did not go through as national television deals make this hard to impose.

Will the step pass?

The measure is severe 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 industry fans.

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

He would have to convince the other senators who did not support his effort before to alter their minds. If and when the Senate discusses this measure, it is impossible to tell how it will be received.

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