Bill > S2862

This bill establishes a framework for the authorization and regulation of sports wagering in Massachusetts. Key provisions include: - Defining and regulating various types of sports wagering licenses, including Category 1 licenses for gaming establishments and Category 2 licenses for other facilities. - Establishing requirements for sports wagering operators, including responsible gaming measures, restrictions on advertising, and reporting obligations. - Imposing an excise tax of 20-35% on adjusted gross sports wagering receipts and adjusted gross fantasy wagering receipts. - Creating the Sports Wagering Control Fund to finance the commission's regulatory activities. - Authorizing federally recognized Indian tribes that have compacts with the state to conduct sports wagering. - Directing the gaming commission to conduct studies on the social and economic impacts of sports wagering and on diversity and inclusion in the industry. - Modifying existing laws to integrate the regulation of sports wagering with the state's existing gaming framework. The bill aims to legalize, regulate, and tax sports wagering in the state while promoting responsible gaming and mitigating potential negative impacts.

Senate Committee on Ways and Means (S)

https://malegislature.gov/Bills/192/S2862