Bill

Bill > S264


MA S264

Authorizing and regulating sports wagering


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 to authorize and regulate sports wagering. Economic Development and Emerging Technologies.

AI Summary

This bill would authorize and regulate sports wagering in Massachusetts. The key provisions are: - It establishes the Massachusetts Gaming Commission as the regulatory authority over sports wagering in the state. - It creates two types of sports wagering licenses - a Category 1 license for gaming establishments and a Category 2 license for other qualified entities to offer sports wagering through mobile apps and in-person at approved retail locations. - It imposes a 25% tax on the gross gaming revenue for Category 1 licensees and a 35% tax for Category 2 licensees, with portions of the revenue directed to various state funds. - It sets requirements for sports wagering operators, including using commercially reasonable methods to maintain the integrity of sports events and protect consumers. - It prohibits certain individuals, such as athletes and coaches, from placing bets, and allows sports governing bodies to request restrictions on certain types of bets. - It creates criminal penalties for unlawful sports wagering operations outside the regulated framework. Overall, the bill aims to establish a regulatory structure for legal and responsible sports wagering in Massachusetts.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Accompanied S269 (on 07/21/2021)

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