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Massachusetts sports betting might look completely various if a brand-new expense proposed in the Senate succeeds. And if history is any sign, managed sports betting in other states could likewise change dramatically.

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%. Furthermore, Sen. Keenan calls for a total restriction on live betting (in-game betting) and prop bets.

The main thing to bear in mind is that Massachusetts has actually been at the forefront of more stringent sports betting policies. The second thing to know is that the language of this expense resembles the SAFE Bet Act, a federal piece of legislation presented in 2024.

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

So, while this is presently a Massachusetts bill, it's most likely to affect other states that provide 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 boost at the last legislative session, but it was declined. This boost would have come in the state's spending plan bill.

Just 3 markets have tax rates of 51%, the greatest in the country: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts currently ranks sixth highest.

Prohibiting live betting and prop betting

The measure restricts in-play (live betting) or prop betting. Just straight wagers would be permitted, limiting sportsbooks to offering only moneyline, spread, and totals.

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

The bill likewise seeks to include bonuses 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 also aims to develop 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 'cost assessment' which includes examining bank accounts. A player can not wager more than 15% of the quantity in their account.

Massachusetts would become the very first market to require an affordability evaluation on bettors.

Advertising restrictions

Keenan also wishes to remove marketing throughout telecasted sporting events. The procedure would forbid sportsbooks from running ads throughout video games. The Massachusetts Gaming Commission has actually looked into creating a restriction on in-game advertisements before. Nevertheless, this did not go through as national TV deals make this tough to enforce.

Will the procedure pass?

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

Because of this, the measure will likely be fought in the Senate and your home of Representatives. In the previous session, Keenan stopped working to raise the tax rate.

He would have to convince the other senators who did not support his initiative before to alter their minds. If and when the Senate discusses this step, it is difficult to tell how it will be received.