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Massachusetts sports betting could look totally different if a brand-new costs proposed in the Senate achieves success. And if history is any indication, regulated sports betting in other states might also alter drastically.

SD 1657 existed by Sen. John Keenan. "An Act Addressing Economic, Health, and Social Harms Caused by Sports Betting" aims to increase the existing sports betting tax rate from 20% to 51%. In Addition, Sen. Keenan requires a complete ban on live betting (in-game wagering) and prop bets.

The main thing to remember is that Massachusetts has been at the leading edge of more stringent sports betting guidelines. The 2nd thing to understand is that the language of this costs resembles the SAFE Bet Act, a federal piece of legislation introduced in 2024.

This expense was introduced not long after former 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 presently a Massachusetts bill, it's likely to affect other states that offer managed sports betting.

A closer look at SD 1657

Taxation

Starting with the tax rate increase, bringing sports betting to 51% has been a target for Sen. Keenan before. Keenan proposed a tax increase at the last legislative session, but it was rejected. This increase would have been available in the state's budget plan bill.

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

Prohibiting live betting and prop betting

The step prohibits in-play (live betting) or prop betting. Only straight wagers would be enabled, restricting sportsbooks to using just moneyline, spread, and overalls.

While Massachusetts and other markets have restrictions on college betting, this would affect even expert sporting events.

The expense also looks for to include benefits and same-game parlays to the classification of "unfair and misleading practices." Sportsbooks favour same-game parlays due to their high "hold" portion, the amount of money they deflect each $1 bet.

Gamer Limits

SD 1657 also aims to produce compulsory day-to-day and month-to-month limitations for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an 'cost assessment' which includes inspecting bank accounts. A gamer can not wager more than 15% of the amount in their account.

Massachusetts would end up being the very first market to need a price assessment on bettors.

Marketing constraints

Keenan also wants to remove advertising throughout telecasted sporting events. The measure would forbid sportsbooks from running advertisements during games. The Massachusetts Gaming Commission has checked out developing a ban on in-game ads before. Nevertheless, this did not go through as nationwide television deals make this tough to impose.

Will the step pass?

The step is extreme 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 industry fans.

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

He would need to encourage 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 received.