Bill > H506

This bill establishes and regulates sports wagering in the Commonwealth of Massachusetts. Key provisions include: - Creating a Massachusetts Gaming Commission to regulate and oversee sports wagering, including issuing licenses to qualified gaming entities to operate sports wagering through mobile apps, digital platforms, and at physical locations like gaming establishments, race tracks, and thoroughbred racetracks. - Imposing an excise tax of 15% on operators' adjusted gross sports wagering receipts, with the revenue deposited into the Sports Wagering Control Fund to finance the Commission's operational activities. Additional fees are assessed on operators to cover regulatory costs and address problem gambling. - Prohibiting certain individuals like athletes, coaches, and operators' employees from placing bets, and requiring operators to use commercially reasonable methods to maintain the integrity and security of sports wagering data and operations. - Granting sports governing bodies the ability to request restrictions on certain types of bets that could undermine the integrity of their sports, and requiring operators to use official league data to settle certain bet types. - Establishing criminal penalties for unauthorized sports wagering operations outside of the regulated framework. Overall, the bill establishes a comprehensive regulatory structure to legalize and govern sports wagering in Massachusetts, with a focus on protecting consumers, maintaining the integrity of sporting events, and mitigating potential negative public health consequences.

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https://malegislature.gov/Bills/192/H506