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Bill > S263


MA S263

Relative to sports wagering in the Commonwealth


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to sports wagering in the Commonwealth. Economic Development and Emerging Technologies.

AI Summary

This bill authorizes and regulates sports wagering in the Commonwealth of Massachusetts. Key provisions include: - Establishing the Massachusetts Gaming Commission as the regulatory authority over sports wagering, with the power to issue licenses, set rules and regulations, and enforce the law. - Allowing qualified gaming entities, such as casinos, racetracks, and fantasy sports operators, to apply for different categories of sports wagering licenses (S1-Master, S1-Sub, S2-Track, S3-Mobile) to offer sports betting through mobile apps, digital platforms, and in-person at gaming facilities. - Requiring sports wagering operators to implement various integrity and consumer protection measures, such as prohibiting certain individuals from placing bets, maintaining data and records, and reporting suspicious activity. - Imposing an excise tax of 14-18% on operators' adjusted gross sports wagering receipts, with the tax revenue going to the General Fund. - Establishing criminal penalties for engaging in unlicensed sports wagering operations. Overall, the bill aims to authorize and regulate a legal sports wagering market in Massachusetts, with a focus on maintaining the integrity of sporting events and protecting consumers.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Accompanied S269 (on 07/21/2021)

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