A new legislative proposal in Massachusetts seeks to evolve the state's sports betting framework by legalizing online gaming and poker. The legislation would permit casinos to apply for new licenses, alongside the establishment of a substantial $5 million fee for non-gaming companies to gain licenses. Emphasizing player protection, a higher tax rate of 51% and strict player spending limits are included in the sports betting bill. Senator Jacob Oliveira's legislation proposes an immediate ban on election betting, reflecting growing concerns from federal authorities regarding gambling practices in political arenas.
The proposed bills in Massachusetts aim to update the sports betting landscape by legalizing online gaming, allowing casinos to operate new licenses, and increasing tax rates on bets.
Rep. David K. Muradian Jr. emphasized the gradual progression towards legalizing iGaming, noting that neighboring states have already taken steps, making it a logical next step for Massachusetts.
The sports betting bill, SD 1657, not only raises the tax rate dramatically but also imposes strict limits on player spending, emphasizing responsible gambling assessments.
Sen. Jacob Oliveira's bill, SD 2428, couples the new gambling regulations with a ban on election wagering, reflective of federal concerns over gambling on political outcomes.
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