Recent MA Sports Gambling Proposal Features Substantial Tax Hike and Ban on Real-Time Betting

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    Latest MA Sports Gambling Proposal Contains Massive Tax Hike & Prohibition on Real-Time Betting

    Massachusetts sports betting could look entirely various if a new bill proposed in the Senate is successful. And if history is any indication, regulated sports betting in other states could likewise change significantly.

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    SD 1657 existed by Sen. John Keenan. “An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting” aims to increase the current sports betting tax rate from 20% to 51%. In Addition, Sen. Keenan calls for a complete ban on live betting (in-game betting) and prop bets.

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    The main point to remember is that Massachusetts has actually been at the leading edge of stricter sports betting regulations. The second thing to understand 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 former Massachusetts Governor and current NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting policy.

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

    A closer take a look at SD 1657

    Tax

    Beginning with the tax rate boost, bringing sports betting to 51% has been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legal session, however it was turned down. This increase would have come 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 currently ranks 6th greatest.

    Prohibiting live betting and prop betting

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

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

    The expense likewise seeks to include benefits and same-game parlays to the category of “unjust and deceptive practices.” Sportsbooks favour same-game parlays due to their high “hold” percentage, the quantity of money they keep off each $1 bet.

    Player Limits

    SD 1657 also aims to daily and regular monthly limitations for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘affordability evaluation’ which includes examining savings account. A player can not wager more than 15% of the quantity in their account.

    Massachusetts would become the first market to need an affordability evaluation on bettors.

    Marketing restrictions

    Keenan also wants to get rid of advertising during telecasted sporting occasions. The step would forbid sportsbooks from running ads during video games. The Massachusetts Gaming Commission has actually checked out creating a ban on in-game ads before. Nevertheless, this did not go through as national television deals make this difficult to implement.

    Will the step pass?

    The step is extreme 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 supporters.

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

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

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