百科页面 'New MA Sports Betting Bill Contains Substantial Tax Hike and Prohibition on Real Time Betting' 删除后无法恢复,是否继续?
Massachusetts sports betting might look entirely various if a brand-new bill proposed in the Senate succeeds. And if history is any sign, controlled sports betting in other states could likewise 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 present sports betting tax rate from 20% to 51%. In Addition, Sen. Keenan calls for a complete restriction on live betting (in-game betting) and prop bets.
The main point to bear in mind is that Massachusetts has been at the leading edge of more stringent sports betting regulations. The second thing to know is that the language of this bill resembles the SAFE Bet Act, a federal piece of legislation introduced in 2024.
This bill was presented not long after former Massachusetts Governor and current NCAA president Charlie Baker testified in front of the Senate in a meeting on sports betting policy.
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So, while this is presently a Massachusetts costs, it’s most likely to affect other states that use controlled sports betting.
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A closer take a look at SD 1657
Taxation
Starting with the tax rate boost, bringing sports betting to 51% has actually been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legal session, however it was rejected. This boost would have can be found in the state’s budget expense.
Just three markets have tax rates of 51%, the greatest in the country: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts currently ranks 6th highest.
Banning live betting and prop betting
The measure restricts in-play (live betting) or prop betting. Only straight wagers would be allowed, restricting sportsbooks to using just moneyline, spread, and overalls.
While Massachusetts and other markets have limitations on college wagering, this would affect even expert sporting occasions.
The bill likewise looks for to add benefits and same-game parlays to the category of “unjust and misleading practices.” Sportsbooks favour same-game parlays due to their high “hold” percentage, the amount of cash they keep off each $1 bet.
Player Limits
SD 1657 also intends to produce necessary day-to-day and month-to-month limits for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an ‘price assessment’ which includes checking bank accounts. A player can not wager more than 15% of the quantity in their account.
Massachusetts would become the first market to need a price evaluation on bettors.
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Advertising restrictions
Keenan also wants to eliminate advertising throughout televised sporting events. The measure would prohibit sportsbooks from running ads throughout video games. The Massachusetts Gaming Commission has actually checked out producing a restriction on in-game ads before. Nevertheless, this did not go through as national television deals make this hard to enforce.
Will the measure pass?
The step is extreme 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 market fans.
Because of this, the measure will likely be battled in the Senate and your home of Representatives. In the previous session, Keenan failed to raise the tax rate.
He would have to persuade the other senators who did not support his initiative 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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百科页面 'New MA Sports Betting Bill Contains Substantial Tax Hike and Prohibition on Real Time Betting' 删除后无法恢复,是否继续?