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

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Latest Massachusetts Sports Betting Bill Includes Significant Tax Hike and Ban on Real-Time Betting

Massachusetts sports betting could look completely various if a brand-new bill proposed in the Senate achieves success. And if history is any indication, regulated sports betting in other states could likewise change considerably.

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 complete ban on live betting (in-game betting) and prop bets.

The main point to remember is that Massachusetts has been at the leading edge of stricter sports betting regulations. The 2nd thing to understand is that the language of this expense is similar to the SAFE Bet Act, a federal piece of legislation introduced 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 regulation.

So, while this is currently a Massachusetts bill, it’s most likely to impact other states that offer regulated sports betting.

A closer look at SD 1657

Tax

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 legal session, however it was declined. This boost would have can be found in the state’s budget plan expense.

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

Prohibiting live betting and prop betting

The measure forbids in-play (live sports betting) or prop sports betting. Only straight wagers would be permitted, limiting sportsbooks to using only moneyline, spread, and overalls.

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

The bill also looks for to include bonus offers 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 keep off each $1 wagered.

Player Limits

SD 1657 also intends to create obligatory daily and monthly limits for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘affordability evaluation’ which includes inspecting bank accounts. A gamer can not wager more than 15% of the amount in their account.

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

Marketing limitations

Keenan also wants to get rid of advertising during telecasted sporting events. The measure would prohibit sportsbooks from running ads 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 deals make this hard to enforce.

Will the step pass?

The measure is extreme 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 market fans.

Because of this, the procedure will likely be battled in the Senate and your home of Representatives. In the previous session, Keenan stopped working to raise the tax rate.

He would need to convince the other senators who did not support his effort before to alter their minds. If and when the Senate discusses this step, it is difficult to inform how it will be gotten.

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