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Massachusetts sports betting could look completely different if a brand-new bill proposed in the Senate is successful. And if history is any indicator, regulated sports betting in other states might also change considerably.

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

The main point to keep in mind is that Massachusetts has been at the leading edge of more stringent 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 existing NCAA president Charlie Baker affirmed in front of the Senate in a meeting on sports betting guideline.

So, while this is presently a Massachusetts bill, it's likely to affect other states that offer managed sports betting.

A closer take a look at SD 1657

Taxation

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

Just three markets have tax rates of 51%, the highest in the nation: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts currently ranks 6th highest.

Prohibiting live betting and prop betting

The procedure prohibits in-play (live betting) or prop betting. Only straight wagers would be enabled, limiting sportsbooks to providing only moneyline, spread, and totals.

While Massachusetts and other markets have limitations on college wagering, this would impact even professional sporting events.

The bill also looks for to include perks and same-game parlays to the category of "unjust and deceptive practices." Sportsbooks favour same-game parlays due to their high "hold" percentage, the amount of cash they deflect each $1 bet.

Player Limits

SD 1657 likewise aims to create mandatory daily 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 evaluation' which includes examining checking account. A player can not wager more than 15% of the quantity in their account.

Massachusetts would become the first market to require a cost assessment on bettors.

Advertising limitations

Keenan also wants to eliminate marketing during telecasted sporting events. The measure would prohibit sportsbooks from running advertisements throughout video games. The Massachusetts Gaming Commission has actually looked into creating a restriction on in-game ads before. Nevertheless, this did not go through as national TV offers make this hard to impose.

Will the step pass?

The step is severe in its changes to the sports betting industry in Massachusetts. Banning prop betting and increasing the sports betting tax rate will likely lead to pushback from local sportsbooks and market advocates.

Because of this, the measure will likely be combated 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 step, it is difficult to tell how it will be received.