Sports Betting Legalized in Massachusetts
Monday 08 de August 2022 / 11:33
2 minutos de lectura
(Massachusetts).- It came down to the wire during the latest legislative session, but sports betting has finally been legalized in Massachusetts.
According to the newly signed bill online sports betting will be taxed at 20 percent, while retail sports betting will incur a 15 percent tax. One key piece of the bill which had been argued was prohibiting bets on in-state college sports teams. There is an exemption for college teams playing in tournaments.
All state casinos and racetracks will be eligible to receive sports betting licenses and there will be seven online sports betting licenses available. There will be no ban on advertising for sportsbooks in the state, but bettors will not be allowed to fund account by using credit cards.
There are several compromises made to get the bill passed at the last hour. The college sports betting ban was one contentious issue as the Senate wanted it prohibited while the House did not. The Senate won out on that issue.
There was also a disagreement over the tax rate. The House asked for a more operator-friendly tax rate of 15 percent for online and 12.5 percent for retail. The Senate wanted a much higher rate of 35 percent for online and 20 percent for retail. The eventual compromise was more inline with the House’s proposal at 20 percent for online and 15 percent for retail.
To be made into the law the bill will now need to be signed by Gov. Charlie Baker. This is expected to not be a problem as the Governor was a supporter of sports betting in the state and continually urged the Senate and House to pass the bill before the end of the legislative session.
Categoría:Legislation
Tags: Sin tags
País: United States
Event
Peru Gaming Show 2025
18 de June 2025
Successful closing of Peru Gaming Show 2025
(Lima, SoloAzar Exclusive).- With a great attendance and an agenda full of innovation, the 2025 edition of Peru Gaming Show (PGS), one of the most relevant events of the gaming industry in Latin America, came to a successful conclusion.
Friday 20 Jun 2025 / 12:00
PGS 2025: The Future of Gaming in Latin America is Discussed Today in Lima
(Lima, SoloAzar Exclusive).- The second day of Peru Gaming Show 2025 is packed with innovation, networking, and strategic analysis. With 87 exhibitors, keynote addresses, and business opportunities, today's discussion focuses on challenges in marketing, regulation, and the evolution of online gaming. Learn more in this article.
Thursday 19 Jun 2025 / 12:00
PGS 2025: The Largest Games of Chance Event in Latin America Starts Today, Bringing Together the Industry in Lima
(Lima, SoloAzar Exclusive).- Peru Gaming Show, the largest international gaming show in Latin America with 22 years of experience, begins a new edition today at the Jockey Exhibition Center. PGS covers topics of interest to the industry and will bring together more than 8,000 visitors from around the world to learn about the latest developments and interact with industry executives. Learn more in this article.
Wednesday 18 Jun 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.