One scenario that is becoming commonplace in the US is states surrounded by other regions that allow legal sports betting.
This is the case in Massachusetts. States that share a border with MA generate income from sports betting and also attract their residents to visit and wager at their domestic venues.
Legal sports betting in Massachusetts got a big shot in the arm yesterday when two bills were approved by the House of Representatives and are now being sent to the Senate for further consideration.
The current language allows certain MA casinos to accept sports bets internally, but there are also highly profitable provisions for mobile sports betting applications and online betting.
The inclusion of mobile and online sports betting has fundamentally changed in terms of revenue collection and makes sense. When sports bettors can visit one of the many online sports bets in Boston instead of traveling to a casino, they simply grab their smartphone or laptop and place a bet online.
With Massachusetts sports gamers getting the best of all three worlds (stationary, online and mobile sports betting), there will no longer be the temptation to visit sports betting in New Hampshire or Connecticut (coming soon).
“I represent a borough that borders New Hampshire. In Haverhill, you can literally run across the New Hampshire border and place a bet. I know that my constituents who participate in sports betting would prefer to place these bets at home and in their own state, and that any proceeds would rather go to their home state of Massachusetts. “
MA representative Andy Vargas (Haverhill)
Massachusetts House Bill 3977 details
- Domestic sports betting allowed AT:
- Encore Boston Harbor
- MGM Springfield
- Plainridge Park Casino
- Massachusetts Gaming Commission regulates sports betting
- $ 5 million fee for mobile sports betting licenses
- 5% tax on personal bets
- 15% tax on mobile / online sports betting
- 1% additional tax on bets placed on MA-based teams
- Minimum age for sports betting 21
- No NCAA non-team sports betting allowed
While the passage of this bill on sports betting in the House of Representatives is a promising indicator of the future, the Senate is in no way obliged to enter into discussions and this bill, or to create its own version.
The Massachusetts Senate is expected to draft its own bill on sports betting, which will eventually have to conform to the House of Representatives version, and political forecasters and forecast talks will begin in the fall of 2021.
A regulatory bill, 516, is also making the rounds, including allowances for Daily Fantasy Sports (DFS), which has been the main staple of online retailers for the past decade.
Part of the bill that is expected to cause trouble in the Senate is allowing up to 5 slot machines to be licensed to veterans organizations.
The only thing that is certain right now is that nothing is certain, but the move in the MA legislature is showing at least some positive moves towards legal sports betting. Until then, local sports players will resort to regional domestic options or offshore sports betting sites.
Source – NBC 10 Boston
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