new-massachusetts-sports-betting-bill-contains-massive-tax-hike-and-ban-on-in-play-betting

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Massachusetts sports betting could look entirely different if a brand-new expense proposed in the Senate is successful. And if history is any sign, managed sports betting in other states could also 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" aims to increase the current sports betting tax rate from 20% to 51%. Additionally, Sen. Keenan calls for a complete ban on live betting (in-game wagering) and prop bets.

The main thing to bear in mind is that Massachusetts has been at the leading edge of more stringent 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 presented in 2024.

This costs was presented not long after former Massachusetts Governor and existing NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting guideline.

So, while this is presently a Massachusetts expense, it's likely to impact other states that offer managed sports betting.
A closer 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 increase at the last legal session, but it was turned down. This boost would have been available in the state's budget plan costs.

Only 3 markets have tax rates of 51%, the highest in the country: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts presently ranks sixth greatest.
Banning live betting and prop betting
The procedure prohibits in-play (live betting) or prop betting. Just straight wagers would be enabled, restricting sportsbooks to offering just moneyline, spread, and totals.

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

The bill likewise seeks to include benefits and same-game parlays to the classification of "unfair and misleading practices." Sportsbooks favour same-game parlays due to their high "hold" percentage, the amount of money they deflect each $1 wagered.
Gamer Limits
SD 1657 also aims to develop mandatory everyday and regular monthly limitations for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an 'price assessment' which involves checking savings account. 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 a price evaluation on bettors.
Advertising constraints
Keenan also wishes to get rid of marketing during televised sporting events. The step would restrict sportsbooks from running advertisements during video games. The Massachusetts Gaming Commission has checked out creating a ban on in-game ads before. However, this did not go through as national television offers make this difficult to implement.
Will the measure pass?
The measure 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 measure will likely be fought in the Senate and your house of Representatives. In the previous session, Keenan stopped working to raise the tax rate.

He would need to encourage the other senators who did not support his effort before to change their minds. If and when the Senate discusses this measure, it is impossible to tell how it will be gotten.
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