Massachusetts sports betting could look entirely different if a brand-new costs proposed in the Senate is successful. And if history is any sign, regulated sports betting in other states might also change dramatically. (Image: [[https://www.yohaig.ng/wp-content/uploads/2019/09/bet9ja-mobile-app-banner-1.gif|https://www.yohaig.ng/wp-content/uploads/2019/09/bet9ja-mobile-app-banner-1.gif)]]
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 calls for a complete restriction on live betting (in-game betting) and prop bets.
The main thing to remember is that Massachusetts has been at the forefront of stricter sports betting guidelines. 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 current NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting guideline.
So, while this is currently a Massachusetts costs, it's most likely to impact other states that offer controlled sports betting.
A closer 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 increase at the last legislative session, however it was declined. This increase would have come in the state's budget expense.
Only 3 markets have tax rates of 51%, the highest in the nation: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts presently ranks 6th highest. (Image: [[https://www.yohaig.ng/wp-content/uploads/2020/12/bet9ja-mobile-registration-18.jpg|https://www.yohaig.ng/wp-content/uploads/2020/12/bet9ja-mobile-registration-18.jpg)]] Prohibiting live betting and prop betting
The step prohibits in-play (live betting) or prop betting. Just straight wagers would be enabled, restricting sportsbooks to using only moneyline, spread, and totals.
While Massachusetts and other markets have restrictions on college betting, this would affect even professional sporting events.
The expense also looks for to include bonus offers and same-game parlays to the category of “unjust and deceptive practices.” Sportsbooks favour same-game parlays due to their high “hold” portion, the amount of cash they keep off each $1 wagered.
Gamer Limits
SD 1657 likewise aims to develop necessary day-to-day and month-to-month limitations for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an 'cost evaluation' which includes inspecting savings account. A player can not wager more than 15% of the amount in their account.
Massachusetts would become the first market to need an affordability assessment on bettors. (Image: [[https://www.yohaig.ng/wp-content/uploads/2019/08/bet9ja-mobile-how-to-register-4.gif|https://www.yohaig.ng/wp-content/uploads/2019/08/bet9ja-mobile-how-to-register-4.gif)]] Advertising limitations
Keenan also wishes to eliminate marketing during telecasted sporting occasions. The measure would forbid sportsbooks from running advertisements during video games. The Massachusetts Gaming Commission has actually looked into creating a ban on in-game ads before. Nevertheless, this did not go through as national TV offers make this tough to impose. (Image: [[https://www.yohaig.ng/wp-content/uploads/2020/12/bet9ja-mobile-registration-6.jpg|https://www.yohaig.ng/wp-content/uploads/2020/12/bet9ja-mobile-registration-6.jpg)]] Will the procedure pass?
The step is extreme in its modifications 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 industry advocates.
Because of this, the measure 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 need 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 received. external page