
Sport Betting Industry Seeks To Protect Itself
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Fecha de fundación agosto 12, 1959
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Massachusetts sports betting could look completely various if a new bill proposed in the Senate is successful. And if history is any indicator, managed sports betting in other states might likewise change dramatically.
SD 1657 existed 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%. In Addition, Sen. Keenan calls for a total ban on live betting (in-game betting) and prop bets.
The main thing to keep in mind is that Massachusetts has been at the leading edge of more stringent sports betting regulations. The 2nd thing to understand is that the language of this expense resembles the SAFE Bet Act, a federal piece of legislation introduced in 2024.
This costs was introduced not long after former 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 currently a Massachusetts expense, it’s most likely to affect other states that offer controlled sports betting.
A closer look at SD 1657
Taxation
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 legislative session, however it was turned down. This increase would have been available in the state’s spending plan costs.
Only three 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 prohibits in-play (live betting) or prop betting. Just straight wagers would be allowed, restricting sportsbooks to using just moneyline, spread, and totals.
While Massachusetts and other markets have constraints on college betting, this would impact even professional sporting occasions.
The bill likewise seeks to add perks and same-game parlays to the category of «unreasonable and deceptive practices.» Sportsbooks favour same-game parlays due to their high «hold» portion, the amount of cash they keep off each $1 wagered.
Player Limits
SD 1657 likewise intends to produce mandatory everyday and 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 inspecting checking account. A gamer can not wager more than 15% of the amount in their account.

Massachusetts would end up being the first market to need a price assessment on bettors.
Advertising restrictions
Keenan likewise wishes to get rid of marketing throughout televised sporting events. The procedure would forbid sportsbooks from running ads during video games. The Massachusetts Gaming Commission has checked out creating a restriction on in-game ads before. However, this did not go through as nationwide TV deals make this hard to impose.

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 cause pushback from local sportsbooks and industry advocates.

Because of this, the measure will likely be battled in the Senate and your house of Representatives. In the previous session, Keenan stopped working to raise the tax rate.
He would have 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 inform how it will be gotten.
