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Legislation

New Massachusetts bill to eliminate in-play bets, massive tax hike, affordability checks

Tuesday 21 de January 2025 / 12:00

2 minutos de lectura

(Massachusetts).- Senator John Keenan 17 January introduced a bill titled “An Act Addressing Economic, Health and Social Harms Caused by Sports Betting,” mirrors that of the federal SAFE Bet Act filed last fall.

New Massachusetts bill to eliminate in-play bets, massive tax hike, affordability checks

Massachusetts is known as one of the most stringently regulated legal betting states in the US. But Keenan’s proposal goes beyond current restrictions. Currently, Massachusetts bettors can make in-play wagers, but cannot place prop bets. The law also already bans betting on Massachusetts state college teams, unless the teams are playing in a tournament.

Operators have struggled with this — BetMGM, DraftKings, FanDuel and others have been fined since digital go-live in March 2023.


Bet limits and 51% tax proposed

In addition, Keenan’s proposal would limit how much bettors can wager in a day or month — $1,000 or $10,000, respectively — without an affordability check. No US state currently mandates affordability checks. According to the bill text, daily or monthly wagers cannot exceed “15% of the amount” in a bettor’s bank account.

For the second time in two sessions, Keenan is proposing bumping the digital betting tax rate from 20% to 51%. His attempt in 2024 would have been part of the state budget bill, but was rejected.

The latest proposal also addresses another issue that has been in the news by banning “compensation for any percentage of wagers or deposits placed by a customer of the operator or sports wagering operator.” VIP hosts at many national sportsbooks are paid a commission based on customer deposits or bets.

Among other changes, Keenan is proposing to double the amount that operators are required to contribute to problem and responsible gambling initiatives from $1 million (£821,828/€969,400) to $2 million. This is in addition to being taxed.

Operators would also be subject to more stringent advertising rules, including a ban on wagering ads during televised sporting events. The Massachusetts Gaming Commission explored a similar ban, but determined that it could not practically be enforced, particularly for nationally televised events.

Categoría:Legislation

Tags: Sin tags

País: United States

Región: North America

Event

GAT EXPO CARTAGENA 2025

28 de April 2025

Colombian Olympic Committee, GAT Expo, and Colombian Official Esports Announce Historic Partnership to Promote Esports as an Olympic Discipline in Colombia

(Cartagena) - The Colombian Olympic Committee (COC) and GAT Esports have sealed a strategic partnership to promote esports as part of the country's professional sports ecosystem. The announcement was made at a formal ceremony held at the gaming industry products and services exhibition hall, attended by Marco Emilio Hincapié, President of Coljuegos, COC executives, José Aníbal Aguirre, CEO of GAT Esports, media, and special guests.

Wednesday 30 Apr 2025 / 12:00

GAT Expo 2025: Novelties, technology, innovation, and high-level networking in the magical city of Cartagena

(Cartagena, SoloAzar Exclusive).- Today concludes GAT Expo Cartagena 2025, which has taken place this week with the presence of 23 countries and more than 70 international brands in the historic city of Cartagena de Indias, with its cobblestone streets, flower-filled balconies, and centuries-old walls.

Wednesday 30 Apr 2025 / 12:00

Successful Start to GAT Expo Cartagena 2025, Which Continues with Two Days of Gaming Sector Exhibitions

(Cartagena, SoloAzar Exclusive).- Perfect attendance and strong performance were the highlights yesterday at the GAT Academy conference series at the start of GAT EXPO Cartagena, which continues today and tomorrow with the exhibition of products and services from important companies in the gaming sector, both traditional and online.

Tuesday 29 Apr 2025 / 12:00

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