summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/192/S263 |
Bill | https://malegislature.gov/Bills/192/S263.pdf |
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