Bill > H502

This bill authorizes and regulates sports wagering in the Commonwealth of Massachusetts. The key provisions include: - Establishing the Massachusetts Gaming Commission as the regulatory body overseeing sports wagering, with the authority to promulgate rules and regulations, issue licenses, and enforce the law. - Authorizing three categories of sports wagering licenses - Category 1 (in-person and mobile), Category 2 (in-person at racetracks), and Category 3 (mobile only) - to be issued to qualified gaming entities that meet the requirements. - Imposing a 15% tax on operators' adjusted gross sports wagering receipts, as well as a 1% tax on adjusted gross receipts from events held at sports facilities in the state. - Requiring operators to employ various integrity and security measures, including monitoring systems, restrictions on certain bettors, data sharing with sports governing bodies, and background checks on employees. - Allowing sports governing bodies to request restrictions on certain types of wagers they believe may be contrary to public policy or undermine the integrity of their sports. - Prohibiting persons under 21 from participating in sports wagering and allowing the Commission to exclude certain individuals. - Amending related gambling laws to exempt sports wagering activities conducted under this new chapter.

Business and Industry

https://malegislature.gov/Bills/192/H502