Latest Massachusetts Sports Betting Proposal Features Significant Tax Increase And Prohibition On Live Betting

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Massachusetts sports betting might look totally different if a new bill proposed in the Senate achieves success. And if history is any sign, controlled sports betting in other states might likewise alter dramatically.
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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 total ban on live betting (in-game betting) and prop bets.


The main point to remember is that Massachusetts has actually been at the forefront of stricter sports betting policies. The second thing to understand is that the language of this bill resembles the SAFE Bet Act, a federal piece of legislation presented in 2024.


This costs was introduced not long after former Massachusetts Governor and current NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting regulation.
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So, while this is presently a Massachusetts costs, it's likely to impact other states that provide regulated sports betting.

A closer 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 increase at the last legislative session, however it was turned down. This increase would have can be found in the state's spending plan costs.


Just three markets have tax rates of 51%, the highest in the nation: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts presently ranks 6th greatest.

Prohibiting live betting and prop betting

The procedure prohibits in-play (live sports betting) or prop betting. Only straight wagers would be allowed, restricting sportsbooks to using just moneyline, spread, and overalls.


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


The expense likewise looks for to include rewards and same-game parlays to the classification of "unjust and misleading practices." Sportsbooks favour same-game parlays due to their high "hold" portion, the amount of money they deflect each $1 wagered.

Player Limits

SD 1657 likewise aims to create obligatory daily and regular monthly limits for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an 'affordability assessment' which involves examining savings account. A gamer can not wager more than 15% of the quantity in their account.


Massachusetts would become the first market to require an affordability evaluation on bettors.

Marketing limitations

Keenan likewise wishes to get rid of advertising during televised sporting occasions. The measure would prohibit sportsbooks from running advertisements during games. The Massachusetts Gaming Commission has checked out creating a ban on in-game advertisements before. Nevertheless, this did not go through as nationwide television deals make this hard to implement.

Will the measure pass?

The measure is severe in its changes 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.
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Because of this, the step will likely be combated in the Senate and your home of Representatives. In the previous session, Keenan failed 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 measure, it is difficult to inform how it will be gotten.