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Massachusetts sports betting might look entirely various if a brand-new expense proposed in the Senate is successful. And if history is any indication, managed sports betting in other states could also change significantly.
SD 1657 was presented 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%. Additionally, Sen. Keenan requires a total ban on live betting (in-game betting) and prop bets.
The main thing to bear in mind is that Massachusetts has actually been at the leading edge of more stringent sports betting policies. The second thing to understand is that the language of this expense resembles the SAFE Bet Act, a federal piece of legislation presented in 2024.
This expense was introduced not long after previous Massachusetts Governor and present NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting policy.
So, while this is currently a Massachusetts expense, it’s most likely to affect other states that use controlled sports betting.
A closer look at SD 1657
Tax
Starting with the tax rate increase, bringing sports betting to 51% has actually been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legal session, but it was declined. This boost 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 greatest.
Banning live betting and prop betting
The step restricts in-play (live betting) or prop betting. Only straight wagers would be allowed, restricting sportsbooks to providing just moneyline, spread, and totals.
While Massachusetts and other markets have constraints on college wagering, this would impact even professional sporting events.
The expense also seeks to include bonuses and same-game parlays to the classification of “unjust 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 also intends to produce mandatory day-to-day and regular monthly limitations for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘cost assessment’ which includes checking savings account. A player can not wager more than 15% of the amount in their account.
Massachusetts would end up being the first market to need a cost assessment on bettors.
Marketing limitations
Keenan also wants to remove advertising during televised sporting occasions. The measure would restrict sportsbooks from running ads during games. The Massachusetts Gaming Commission has checked out creating a restriction on in-game ads before. Nevertheless, this did not go through as nationwide television deals make this difficult to enforce.
Will the step pass?
The step is severe in its changes 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 industry supporters.
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 have to encourage the other senators who did not support his initiative before to change their minds. If and when the Senate discusses this step, it is impossible to tell how it will be received.