Bill > H3974

This bill would regulate sports wagering in Massachusetts. The key provisions include: - Establishing a Massachusetts Sports Wagering Act to authorize and regulate sports wagering, including the issuance of different types of licenses (category 1, 2, and 3) to qualified gaming entities and others to operate sports wagering in-person and through mobile applications and digital platforms. - Granting the Massachusetts Gaming Commission broad authority to regulate sports wagering, including setting fees, collecting taxes, and establishing rules and regulations. - Imposing an excise tax of 12.5% on in-person sports wagering adjusted gross receipts and 15% on mobile/digital platform adjusted gross receipts, with distributions to various state funds. - Creating a Players' Benevolence Fund to support charitable organizations benefiting current and former professional sports players. - Prohibiting certain types of bets and requiring operators to implement various security and integrity measures, including cooperating with sports governing bodies and law enforcement. - Establishing criminal penalties for unauthorized sports wagering operations. The bill is intended to authorize and regulate sports wagering in Massachusetts, with a focus on maintaining integrity, consumer protection, and channeling revenue to public purposes.

Budget and Finance

Committee on Economic Development and Emerging Technologies (J)

https://malegislature.gov/Bills/192/H3974