The coming together of sports betting laws in Massachusetts was delayed by the slowing down of economic growth triggered by the pandemic in 2020.
Refined bill to be unveiled this year
This might change, however, this time around, as Senator Brendon Crighton, who has been at the forefront of the initiative, says the refined bill will be unveiled this year.
Surrounding states legalise sports betting
The pressure on officials is mounting to find a solution to the economic crisis caused by this a although all the surrounding states are legalising sports betting, the state is at risk of losing revenue.
Governor Crighton is excited to file the Bill, and he also said that due to LSR revisions, there have been significant changes to this year’s legislation.
The amendments include: a raise in the application fee to $10 million, income generated from sports betting will be taxed at 15 percent for both online and retail outlets, though betting on events in Massachusetts, including college teams, is prohibited.
The bill is an update to Gov. Charlie Baker’s previous Bill that saw college sports betting banned.
Less effort for 2021 bill being passed
The new Governor’s bill does not guarantee sports betting in 2021, but from an educational perspective, there should be much less effort. This may suggest that it may take some time to formulate and organize the logistical process.
Nevertheless, Crighton, the Senate VP of the Massachusetts Economic Growth and Emerging Technologies Joint Committee, is very optimistic that the hearings will soon begin.
Right around the time that PASPA collapsed in May 2018, the Senator began working on legalising sports betting in the Bay State. He has been in touch with all stakeholders about his legislation since then and does not see any deal-breakers in the bill this year.
In addition, important sports teams have all managed to co-sign a letter sent to the committee of the Economic Development Conference to support the sports betting bill in the future.