Bill > H68

This bill aims to expand sports wagering in the Commonwealth of Massachusetts. The key provisions include: 1. Defining and authorizing the establishment of "sports pools" and "online sports pools" as part of the existing gaming framework under Chapter 23K. 2. Requiring the Massachusetts Gaming Commission to issue sports wagering licenses to gaming licensees, setting application and licensing fees, and establishing operational requirements and regulations for sports wagering and online sports wagering. 3. Prohibiting certain individuals with a connection to sports governing bodies or professional teams from placing wagers on events overseen by their organizations. 4. Imposing a 10% tax on the revenue from in-person sports wagering and a 12.5% tax on revenue from online sports wagering, with the tax proceeds going to the Gaming Local Aid Fund. 5. Authorizing the Gaming Commission to promulgate additional regulations to govern various aspects of sports wagering, including the number of branded websites and mobile apps, cash reserve requirements, and patron protections. Overall, this bill seeks to expand legal sports betting options in Massachusetts by integrating it into the existing gaming regulatory structure.

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https://malegislature.gov/Bills/191/H68