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SAFE Bet – FairOdds Network

Tag: SAFE Bet

New Massachusetts bill: No in-play betting, massive tax hike, affordability checks

A new bill in Massachusetts would force operators to pull back on offerings and more than double the betting tax rate while a proposal in Mississippi would add digital sports betting.

On 17 January Massachusetts senator John Keenan introduced a bill that would eliminate in-play bets, introduce affordability checks, more than double the wagering tax rate and more.

Language in the bill, entitled ‘An Act Addressing Economic, Health and Social Harms Caused by Sports Betting’, mirrors that of the federal SAFE Bet Act filed last fall.

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 dig..

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