recent-ma-sports-betting-bill-contains-massive-tax-boost-and-ban-on-real-time-betting

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Massachusetts sports betting might look completely various if a brand-new expense proposed in the Senate succeeds. And if history is any indicator, controlled sports betting in other states might also change 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%. In Addition, Sen. Keenan calls for a complete ban on live betting (in-game betting) and prop bets.
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The main thing to bear in mind is that Massachusetts has actually been at the forefront of stricter sports betting policies. 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 costs was presented not long after former Massachusetts Governor and present NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting policy.

So, while this is currently a Massachusetts costs, it's most likely to affect other states that provide controlled sports betting.
A closer look at SD 1657 Taxation
Beginning with the tax rate increase, bringing sports betting to 51% has been a target for Sen. Keenan before. Keenan proposed a tax increase at the last legislative session, but it was turned down. This boost would have can be found in the state's spending plan costs.

Only three markets have tax rates of 51%, the greatest in the country: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts currently ranks 6th highest.
Banning live betting and prop betting
The procedure restricts in-play (live betting) or prop betting. Only straight wagers would be enabled, limiting sportsbooks to providing just moneyline, spread, and overalls.

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

The bill also looks for to include rewards and same-game parlays to the classification of "unjust and deceptive practices." Sportsbooks favour same-game parlays due to their high "hold" percentage, the amount of cash they keep off each $1 bet.
bit.ly Gamer Limits
SD 1657 likewise intends to create obligatory day-to-day and month-to-month limits for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an 'cost assessment' which includes inspecting bank accounts. A player can not wager more than 15% of the amount in their account.

Massachusetts would become the first market to require an affordability evaluation on bettors.
Advertising restrictions
Keenan also wants to eliminate advertising throughout telecasted sporting events. The measure would forbid sportsbooks from running ads during games. The Massachusetts Gaming Commission has checked out producing a restriction on in-game advertisements before. Nevertheless, this did not go through as nationwide TV deals make this difficult to impose.
Will the step pass?
The measure is harsh 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 market fans.
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Because of this, the step will likely be fought in the Senate and your 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 initiative before to alter their minds. If and when the Senate discusses this measure, it is impossible to tell how it will be gotten.