Sport Betting Industry Seeks To Protect Itself

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Latest MA Sports Betting Proposal Features Massive Tax Boost and Prohibition on Live Betting

Massachusetts sports betting could look completely various if a new bill proposed in the Senate succeeds. And if history is any sign, controlled sports betting in other states might likewise change significantly.

SD 1657 was presented 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 ban on live betting (in-game betting) and prop bets.

The main thing to bear in mind is that Massachusetts has been at the leading edge of stricter sports betting policies. The second thing to know is that the language of this bill is similar to the SAFE Bet Act, a federal piece of legislation introduced in 2024.

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This bill was presented not long after previous Massachusetts Governor and current NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting policy.

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

A closer take a look at SD 1657

Tax

Starting 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 boost would have been available in the state’s budget bill.

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

Prohibiting live betting and prop betting

The measure forbids in-play (live betting) or prop betting. Only straight wagers would be enabled, restricting sportsbooks to using just moneyline, spread, and totals.

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

The expense also looks for to add rewards and same-game parlays to the category of “unreasonable and misleading practices.” Sportsbooks favour same-game parlays due to their high “hold” percentage, the quantity of cash they keep off each $1 bet.

Gamer Limits

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

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

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Advertising constraints

Keenan also wishes to get rid of advertising throughout televised sporting occasions. The procedure would restrict sportsbooks from running advertisements throughout video games. The Massachusetts Gaming Commission has checked out producing a ban on in-game ads before. Nevertheless, this did not go through as national TV deals make this difficult to implement.

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Will the procedure pass?

The step is harsh 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 fans.

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

He would have to encourage the other senators who did not support his initiative before to change their minds. If and when the Senate discusses this measure, it is impossible to inform how it will be received.