Cover the Bases: Sports Betting News and Notes from the Past Week

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Recent MA Sports Betting Legislation Features Significant Tax Boost & Restriction on Real-Time Betting

Massachusetts sports betting could look completely various if a brand-new costs proposed in the Senate is successful. And if history is any sign, managed sports betting in other states could likewise alter dramatically.

SD 1657 was presented by Sen. John Keenan. “An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting” intends to increase the present sports betting tax rate from 20% to 51%. Additionally, Sen. Keenan calls for a total restriction on live betting (in-game betting) and prop bets.

The main point to bear in mind is that Massachusetts has been at the leading edge of stricter sports betting guidelines. The 2nd thing to know is that the language of this expense 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 present NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting policy.

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

A closer look at SD 1657

Tax

Starting with the tax rate boost, bringing sports betting to 51% has actually been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legislative session, but it was turned down. This increase would have can be found in the state’s budget bill.

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

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Banning live betting and prop betting

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

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

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The expense likewise seeks to add bonus offers and same-game parlays to the classification of “unfair and deceptive practices.” Sportsbooks favour same-game parlays due to their high “hold” portion, the quantity of money they keep off each $1 wagered.

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Player Limits

SD 1657 likewise aims to develop mandatory everyday and month-to-month limitations for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘cost assessment’ which involves inspecting checking account. A player can not wager more than 15% of the quantity in their account.

Massachusetts would end up being the first market to require a price evaluation on bettors.

Marketing restrictions

Keenan likewise wants to remove advertising during televised sporting events. The procedure would forbid sportsbooks from running advertisements throughout video games. The Massachusetts Gaming Commission has actually checked out creating a restriction on in-game advertisements before. Nevertheless, this did not go through as national television offers make this tough to impose.

Will the step pass?

The procedure is harsh in its modifications 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 advocates.

Because of this, the measure 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 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 impossible to tell how it will be received.

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