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Massachusetts sports betting could look entirely various if a brand-new bill proposed in the Senate achieves success. And if history is any indication, controlled sports betting in other states might also alter considerably.

SD 1657 existed by Sen. John Keenan. "An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting" intends to increase the current sports betting tax rate from 20% to 51%. Additionally, Sen. Keenan calls for a total ban on live betting (in-game wagering) and prop bets.

The main thing to keep in mind is that Massachusetts has actually been at the forefront of stricter sports betting guidelines. 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 previous Massachusetts Governor and present NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting regulation.

So, while this is currently a Massachusetts costs, it's most likely to impact other states that provide managed 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 legal session, however it was rejected. This increase would have come in the state's budget costs.

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 6th highest.

Prohibiting live betting and prop betting

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

While Massachusetts and other markets have limitations on collegiate sports betting, this would impact even expert sporting events.

The expense likewise seeks to include bonuses 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 cash they keep off each $1 wagered.

Gamer Limits

SD 1657 also intends to develop obligatory everyday and monthly limitations for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an 'affordability assessment' which involves inspecting savings account. A player can not wager more than 15% of the quantity in their account.

Massachusetts would end up being the very first market to require a cost assessment on bettors.

Advertising restrictions

Keenan likewise wants to remove marketing throughout televised sporting occasions. The measure would prohibit sportsbooks from running ads during video games. The Massachusetts Gaming Commission has checked out developing a restriction on in-game advertisements before. Nevertheless, this did not go through as national TV offers make this tough to enforce.

Will the procedure pass?

The step is harsh in its modifications 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 fans.

Because of this, the step will likely be fought 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 effort before to change their minds. If and when the Senate discusses this procedure, it is impossible to inform how it will be gotten.