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

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New Massachusetts Sports Betting Proposal Contains Substantial Tax Boost & Ban on In-Play Betting

Massachusetts sports betting could look totally various if a brand-new bill proposed in the Senate is successful. And if history is any indicator, controlled sports betting in other states might also alter considerably.

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

The main point to bear in mind is that Massachusetts has been at the leading edge of more stringent sports betting regulations. The 2nd thing to understand is that the language of this bill is similar to the SAFE Bet Act, a federal piece of legislation introduced in 2024.

This bill 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 guideline.

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

A closer take a 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 rejected. This boost would have been available in the state’s spending plan expense.

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Just three 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.

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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 enabled, limiting sportsbooks to offering only moneyline, spread, and overalls.

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

The bill likewise looks for to add benefits and same-game parlays to the category of “unjust and misleading practices.” Sportsbooks favour same-game parlays due to their high “hold” portion, the amount of money they deflect each $1 bet.

Gamer Limits

SD 1657 likewise aims to develop necessary daily and month-to-month limitations for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘price evaluation’ which involves inspecting savings account. A player can not wager more than 15% of the amount in their account.

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Massachusetts would end up being the very first market to need an affordability assessment on bettors.

Marketing limitations

Keenan also wants to get rid of marketing throughout telecasted sporting events. The step would restrict sportsbooks from running ads during video games. The Massachusetts Gaming Commission has checked out producing a restriction on in-game advertisements before. Nevertheless, this did not go through as national TV deals make this tough to impose.

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 cause pushback from local sportsbooks and industry supporters.

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

He would need to encourage 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 tell how it will be received.