Latest Massachusetts Sports Betting Legislation Contains Massive Tax Increase Restriction On Live Betting

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Massachusetts sports betting might look totally different if a new bill proposed in the Senate succeeds. And if history is any indicator, regulated sports betting in other states might likewise change considerably.
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SD 1657 existed by Sen. John Keenan. "An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting" intends to increase the existing sports betting tax rate from 20% to 51%. In Addition, Sen. Keenan calls for a total ban on live betting (in-game betting) and prop bets.
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The main point to keep in mind is that Massachusetts has actually been at the leading edge of more stringent sports betting policies. The second thing to know is that the language of this expense is similar to the SAFE Bet Act, a federal piece of legislation presented in 2024.


This costs 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 bill, it's most likely to affect other states that use regulated sports betting.

A closer take a 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 boost would have can be found 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 highest.

Prohibiting live betting and prop betting

The measure restricts in-play (live betting) or prop betting. Only straight wagers would be allowed, limiting sportsbooks to providing just moneyline, spread, and totals.


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


The costs likewise looks for to add bonuses and same-game parlays to the classification of "unreasonable and deceptive practices." Sportsbooks favour same-game parlays due to their high "hold" portion, the quantity of cash they deflect each $1 bet.

Gamer Limits

SD 1657 likewise aims to create 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 'affordability assessment' which involves examining savings account. A gamer can not wager more than 15% of the quantity in their account.


Massachusetts would become the very first market to need a cost evaluation on bettors.

Marketing restrictions

Keenan likewise wishes to eliminate advertising during telecasted sporting events. The step would forbid sportsbooks from running ads throughout video games. The Massachusetts Gaming Commission has actually looked into developing a ban on in-game advertisements before. Nevertheless, this did not go through as nationwide television deals make this hard to implement.

Will the procedure pass?

The step is extreme in its modifications to the sports betting industry in Massachusetts. Banning prop sports betting and increasing the sports betting tax rate will likely result in pushback from local sportsbooks and market advocates.


Because of this, the step will likely be fought in the Senate and your house 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 change their minds. If and when the Senate discusses this measure, it is difficult to inform how it will be received.