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Massachusetts sports betting might look totally different if a brand-new costs proposed in the Senate is successful. And if history is any indicator, regulated sports betting in other states might also alter dramatically.

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 calls for a complete ban on live betting (in-game betting) and prop bets.

The main point to remember is that Massachusetts has actually been at the leading edge of stricter 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 introduced in 2024.

This bill was introduced not long after former 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 expense, it's most likely to impact other states that offer controlled sports betting.

A closer look at SD 1657

Taxation

Starting 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 legislative session, however it was rejected. This increase would have can be found in the state's budget expense.

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

Banning live betting and prop betting

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

While Massachusetts and other markets have constraints on college betting, this would affect even professional sporting occasions.

The costs likewise seeks to add bonuses and same-game parlays to the category of "unreasonable and deceptive practices." Sportsbooks favour same-game parlays due to their high "hold" percentage, the quantity of cash they deflect each $1 wagered.

Player Limits

SD 1657 likewise intends 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 'cost assessment' which involves examining savings account. A gamer can not wager more than 15% of the quantity in their account.

Massachusetts would end up being the first market to need a cost evaluation on bettors.

Advertising constraints

Keenan also wants to get rid of advertising throughout televised sporting events. The measure would restrict sportsbooks from running advertisements during games. The Massachusetts Gaming Commission has actually checked out creating a ban on in-game ads before. Nevertheless, this did not go through as national television deals make this tough to implement.

Will the step 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 cause pushback from local sportsbooks and market advocates.

Because of this, the procedure 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 procedure, it is difficult to inform how it will be gotten.