Add 'New Massachusetts Sports Betting Proposal Includes Substantial Tax Boost and Restriction on Live Betting'

New-Massachusetts-Sports-Betting-Proposal-Includes-Substantial-Tax-Boost-and-Restriction-on-Live-Betting.md

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+[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)<br>Massachusetts sports betting might look completely various if a new costs proposed in the Senate succeeds. And if history is any indication, controlled sports betting in other states might likewise change dramatically.<br>
+<br>SD 1657 was presented by Sen. John Keenan. "An Act Addressing Economic, Health, and Social Harms Caused by [Sports Betting](http://jeonhyunsoo.com/bbs/board.php?bo_table=free&wr_id=746023)" aims to increase the current [sports betting](https://airentalk.com/read-blog/86_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) tax rate from 20% to 51%. In Addition, Sen. Keenan calls for a total restriction on live betting (in-game wagering) and prop bets.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
+<br>The main point to remember is that Massachusetts has been at the leading edge of stricter [sports betting](http://khdesign.nehard.kr/bbs/board.php?bo_table=free&wr_id=676859) policies. The second thing to know is that the language of this bill resembles the SAFE Bet Act, a federal piece of legislation presented in 2024.<br>
+<br>This expense was presented not long after previous Massachusetts Governor and existing NCAA president Charlie Baker testified in front of the Senate in a meeting on [sports betting](https://gamblingsnews.com/bbs/board.php?bo_table=free&wr_id=1120868) guideline.<br>
+<br>So, while this is currently a Massachusetts expense, it's likely to affect other states that provide regulated sports betting.<br>
+A closer take a look at SD 1657
+Tax
+<br>Beginning with the tax rate increase, bringing [sports betting](https://iuridictum.pecina.cz/w/Sport_Betting_Industry_Aims_To_Protect_Itself) to 51% has actually been a target for Sen. Keenan before. Keenan proposed a tax boost at the last legislative session, but it was rejected. This boost would have been available in the state's spending plan costs.<br>
+<br>Only three markets have tax rates of 51%, the highest in the nation: New York, Rhode Island, and New Hampshire. At 20%, Massachusetts presently ranks sixth greatest.<br>
+Prohibiting live betting and prop betting
+<br>The measure forbids in-play (live betting) or prop betting. Only straight wagers would be allowed, limiting sportsbooks to offering just moneyline, spread, and totals.<br>
+<br>While Massachusetts and other markets have constraints on college wagering, this would impact even professional sporting events.<br>
+<br>The expense likewise seeks to include bonus offers and same-game parlays to the category of "unjust and misleading practices." Sportsbooks favour same-game parlays due to their high "hold" percentage, the quantity of cash they keep off each $1 wagered.<br>
+Gamer Limits
+<br>SD 1657 also intends to develop mandatory day-to-day and month-to-month limits for bettors. Bettors could not wager more than $1,000 a day and $10,000 a month without an 'affordability assessment' which involves inspecting bank accounts. A gamer can not wager more than 15% of the quantity in their account.<br>
+<br>Massachusetts would become the very first market to need an affordability evaluation on bettors.<br>
+Marketing constraints
+<br>Keenan also wants to get rid of marketing during televised sporting events. The step would forbid sportsbooks from running ads during video games. The Massachusetts Gaming Commission has checked out developing a ban on in-game ads before. Nevertheless, this did not go through as nationwide TV offers make this tough to enforce.<br>
+Will the step pass?
+<br>The procedure is extreme in its changes to the [sports betting](https://linked.aub.edu.lb/collab/index.php/Sport_Betting_Industry_Seeks_To_Protect_Itself) industry in Massachusetts. Banning prop betting and increasing the [sports betting](https://insta.tel/read-blog/107938_sport-betting-industry-seeks-to-protect-itself.html) tax rate will likely result in pushback from local sportsbooks and industry supporters.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
+<br>Because of this, the step will likely be battled in the Senate and the House of Representatives. In the previous session, Keenan failed to raise the tax rate.<br>
+<br>He would have to convince the other senators who did not support his initiative before to alter their minds. If and when the Senate discusses this step, it is impossible to tell how it will be received.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)