
Cover the Bases: Sports Betting News and Notes from the Past Week
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Recent Massachusetts Sports Betting Bill Includes Massive Tax Increase & Prohibition on In-Play Betting
Massachusetts sports betting could look totally different if a brand-new bill proposed in the Senate achieves success. And if history is any indicator, controlled sports betting in other states might also alter considerably.
SD 1657 existed by Sen. John Keenan. “An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting” intends to increase the existing sports betting tax rate from 20% to 51%. Furthermore, Sen. Keenan requires a total ban on live betting (in-game betting) and prop bets.
The main point to remember is that Massachusetts has been at the forefront of more stringent sports betting regulations. The second thing to know is that the language of this costs is similar to the SAFE Bet Act, a federal piece of legislation introduced in 2024.
This costs was presented not long after previous Massachusetts Governor and existing NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting policy.
So, while this is presently a Massachusetts costs, it’s most likely to impact other states that use regulated sports betting.
A closer take a look at SD 1657
Taxation
Starting with the tax rate increase, bringing sports betting to 51% has actually been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legislative session, however it was rejected. This increase would have can be found in the state’s budget plan bill.
Only three markets have tax rates of 51%, the greatest in the country: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts presently ranks 6th greatest.
Prohibiting live betting and prop betting
The procedure forbids in-play (live betting) or prop betting. Only straight wagers would be enabled, restricting sportsbooks to providing just moneyline, spread, and totals.
While Massachusetts and other markets have restrictions on college wagering, this would affect even expert sporting occasions.
The bill likewise seeks 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” portion, the quantity of money they keep off each $1 wagered.
Player Limits
SD 1657 also aims to create obligatory everyday and monthly limitations for bettors. Bettors could 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 very first market to require a price evaluation on bettors.
Marketing restrictions
Keenan also wants to remove advertising during telecasted sporting occasions. The step would prohibit sportsbooks from running ads during video games. The Massachusetts Gaming Commission has actually looked into developing a ban on in-game advertisements before. Nevertheless, this did not go through as nationwide TV deals make this tough to enforce.
Will the measure pass?
The procedure is severe in its modifications to the sports betting industry in Massachusetts. Banning prop betting and increasing the sports betting tax rate will likely result in pushback from local sportsbooks and market fans.
Because of this, the measure will likely be battled in the Senate and your house of Representatives. In the previous session, Keenan stopped working to raise the tax rate.
He would have to persuade the other senators who did not support his effort before to change their minds. If and when the Senate discusses this procedure, it is impossible to inform how it will be received.