Add 'Latest MA Sports Betting Legislation Features Massive Tax Boost and Ban on Real-Time Betting'
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[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)<br>Massachusetts [sports betting](http://wiki-tb-service.com/index.php?title=Sport_Betting_Industry_Looks_To_Protect_Itself) might look entirely various if a new costs proposed in the Senate achieves success. And if history is any sign, controlled [sports betting](http://theannacompany.com/bbs/board.php?bo_table=free&wr_id=189318) in other states might likewise alter drastically.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
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<br>SD 1657 was presented by Sen. John Keenan. "An Act Addressing Economic, Health, and Social Harms Caused by [Sports Betting](https://boonbac.com/read-blog/3917_new-ma-sports-betting-legislation-contains-significant-tax-boost-amp-prohibition.html)" aims to increase the current [sports betting](https://bdstarter.com/uk-betting-firms-gamble-on-us-after-sports-wager-ruling-3/) tax rate from 20% to 51%. Furthermore, Sen. Keenan calls for a complete ban on live betting (in-game betting) and prop bets.<br>
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<br>The main thing to keep in mind is that Massachusetts has been at the forefront of more stringent [sports betting](https://daeshintravel.com/free/501597) guidelines. The second thing to know is that the language of this expense resembles the SAFE Bet Act, a federal piece of legislation presented in 2024.<br>
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<br>This bill 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](https://mybuddis.com/read-blog/130_sport-betting-industry-aims-to-protect-itself.html) guideline.<br>
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<br>So, while this is currently a Massachusetts bill, it's likely to impact other states that offer managed .<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
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A closer look at SD 1657
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Tax
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<br>Beginning with the tax rate increase, bringing [sports betting](https://www.sclondon.org.uk/blog/index.php?entryid=21602) to 51% has been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legislative session, but it was turned down. This increase would have can be found in the state's spending plan costs.<br>
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<br>Only 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.<br>
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Prohibiting live betting and prop betting
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<br>The step restricts in-play (live betting) or prop betting. Only straight wagers would be enabled, limiting sportsbooks to providing only moneyline, spread, and overalls.<br>
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<br>While Massachusetts and other markets have restrictions on collegiate wagering, this would affect even expert sporting occasions.<br>
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<br>The costs likewise seeks to add rewards and same-game parlays to the category of "unjust and misleading practices." Sportsbooks favour same-game parlays due to their high "hold" percentage, the amount of money they deflect each $1 bet.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
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Gamer Limits
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<br>SD 1657 likewise aims to produce obligatory daily and monthly limitations for bettors. Bettors might not wager more than $1,000 a day and $10,000 a month without an 'price evaluation' which involves examining bank accounts. A player can not wager more than 15% of the amount in their account.<br>
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<br>Massachusetts would end up being the first market to require an affordability evaluation on bettors.<br>
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Advertising limitations
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<br>Keenan likewise wants to eliminate advertising during telecasted sporting events. The measure would restrict sportsbooks from running advertisements during games. The Massachusetts Gaming Commission has actually looked into creating a ban on in-game advertisements before. However, this did not go through as national TV offers make this hard to implement.<br>
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Will the step pass?
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<br>The step is extreme in its changes to the [sports betting](http://www.vokipedia.de/index.php?title=UK_Betting_Firms_Gamble_On_US_After_Sports_Wager_Ruling) industry in Massachusetts. Banning prop betting and increasing the [sports betting](https://sportysocialspace.com/read-blog/13792_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) tax rate will likely cause pushback from local sportsbooks and industry supporters.<br>
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<br>Because of this, the measure will likely be fought in the Senate and your house of Representatives. In the previous session, Keenan stopped working to raise the tax rate.<br>
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<br>He would need to encourage the other senators who did not support his initiative before to alter their minds. If and when the Senate discusses this procedure, it is difficult to tell how it will be gotten.<br>
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