Latest MA Sports Betting Proposal Contains Significant Tax Increase & Prohibition on Real-Time Betting > 자유게시판

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Massachusetts sports betting could look entirely different if a new bill proposed in the Senate achieves success. And if history is any indication, regulated sports betting in other states could also alter considerably.

SD 1657 existed by Sen. John Keenan. "An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting" intends to increase the current sports betting from 20% to 51%. In Addition, Sen. Keenan calls for a complete ban on live betting (in-game betting) and prop bets.

The main point to keep in mind is that Massachusetts has been at the leading edge of stricter sports betting policies. The second thing to understand is that the language of this costs resembles the SAFE Bet Act, a federal piece of legislation presented in 2024.

This bill was introduced not long after previous Massachusetts Governor and current NCAA president Charlie Baker testified 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 offer controlled sports betting.

A closer look at SD 1657

Taxation

Beginning 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 can be found in the state's budget plan costs.

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

Prohibiting live betting and prop betting

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

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

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

Gamer Limits

SD 1657 also intends to develop obligatory day-to-day and regular monthly limits for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an 'price assessment' which involves checking bank accounts. 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 an affordability assessment on bettors.

Advertising restrictions

Keenan likewise wishes to remove marketing during telecasted sporting events. The measure would prohibit sportsbooks from running advertisements throughout games. The Massachusetts Gaming Commission has actually looked into developing a restriction on in-game ads before. Nevertheless, this did not go through as nationwide TV deals make this difficult to enforce.

Will the procedure pass?

The step is severe 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 procedure will likely be combated in the Senate and your home of Representatives. In the previous session, Keenan stopped working to raise the tax rate.

He would need to convince the other senators who did not support his effort before to alter their minds. If and when the Senate discusses this procedure, it is difficult to inform how it will be gotten.