• 목록
• 답변
• 글쓰기
• 게시판 리스트 옵션
  • 수정
  • 삭제

Massachusetts sports betting could look totally different if a brand-new costs proposed in the Senate is successful. And if history is any indication, managed sports betting in other states might also alter drastically.

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 total restriction on live betting (in-game wagering) and prop bets.

The main thing to keep in mind is that Massachusetts has been at the leading edge of more stringent sports betting regulations. 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 expense was presented not long after previous Massachusetts Governor and present NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting regulation.

So, while this is presently a Massachusetts costs, it's likely to impact other states that provide controlled sports betting.

A closer take a look at SD 1657

Tax

Starting with the tax rate increase, bringing sports betting to 51% has 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 been available in the state's budget plan bill.

Just 3 markets have tax rates of 51%, the greatest in the nation: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts presently ranks 6th greatest.

Prohibiting live betting and prop betting

The step forbids in-play (live sports betting) or prop betting. Just straight wagers would be permitted, limiting sportsbooks to offering just moneyline, spread, and totals.

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

The bill likewise seeks to add perks and same-game parlays to the category of "unjust and deceptive practices." Sportsbooks favour same-game parlays due to their high "hold" percentage, the amount of cash they deflect each $1 wagered.

Player Limits

SD 1657 likewise intends to produce obligatory everyday and monthly limits for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an 'affordability assessment' which includes inspecting savings account. A gamer can not wager more than 15% of the amount in their account.

Massachusetts would end up being the very first market to need a price assessment on bettors.

Advertising limitations

Keenan also wishes to eliminate advertising during televised sporting occasions. The step would forbid sportsbooks from running advertisements throughout video games. The Massachusetts Gaming Commission has actually checked out producing a ban on in-game ads before. However, this did not go through as national television offers make this tough to enforce.

Will the step pass?

The measure is harsh 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 supporters.

Because of this, the step will likely be battled in the Senate and your house of Representatives. In the previous session, Keenan failed to raise the tax rate.

He would need to persuade the other senators who did not support his initiative before to alter their minds. If and when the Senate discusses this procedure, it is impossible to inform how it will be received.