Recent Massachusetts Sports Betting Proposal Includes Massive Tax Boost Restriction On Real-Time Betting

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Massachusetts sports betting might look completely different if a brand-new costs proposed in the Senate succeeds. And if history is any indicator, controlled sports betting in other states might likewise 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" intends to increase the current sports betting tax rate from 20% to 51%. In Addition, Sen. Keenan requires a complete restriction on live betting (in-game wagering) and prop bets.
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The main point to remember is that Massachusetts has actually been at the forefront of stricter sports betting regulations. The second thing to understand is that the language of this costs is similar to the SAFE Bet Act, a federal piece of legislation introduced in 2024.


This expense was introduced not long after previous Massachusetts Governor and existing NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting regulation.


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

A closer take a look at SD 1657
Taxation

Beginning with the tax rate boost, bringing sports betting to 51% has been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legislative session, but it was rejected. This increase would have can be found in the state's spending plan costs.


Just 3 markets have tax rates of 51%, the highest in the country: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts currently ranks sixth highest.

Prohibiting live betting and prop betting

The measure restricts in-play (live betting) or prop betting. Just straight wagers would be permitted, restricting sportsbooks to offering just moneyline, spread, and overalls.


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


The bill also seeks to include bonus offers and same-game parlays to the category of "unfair and misleading practices." Sportsbooks favour same-game parlays due to their high "hold" portion, the amount of money they keep off each $1 bet.

Gamer Limits

SD 1657 also aims to produce obligatory day-to-day and regular monthly limits for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an 'cost assessment' which involves checking bank accounts. A player can not wager more than 15% of the amount in their account.


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

Marketing limitations

Keenan also wishes to remove marketing throughout televised sporting occasions. The measure would forbid sportsbooks from running ads throughout video games. The Massachusetts Gaming Commission has actually looked into producing a ban on in-game advertisements before. Nevertheless, this did not go through as national television deals make this difficult to enforce.

Will the step pass?

The measure is harsh in its changes 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 market fans.


Because of this, the procedure will likely be combated in the Senate and the House of Representatives. In the previous session, Keenan stopped working 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 difficult to tell how it will be received.