Massachusetts’ sports bettors appear set to get legal wagering sooner rather than later after four separate betting bills were filed this week.
On Thursday, Massachusetts Gov. Charlie Baker (pictured) issued a statement saying he was preparing legislation that would allow the Massachusetts Gaming Commission (MGC) to issue sports betting permits to the state’s casino licensees, including MGM Springfield, Encore Boston Harbor and Plainridge Park Casino.
In addition to offering in-house wagering at their venues, these casinos would be allowed to partner with third-party firms to conduct online wagering, while the MGC could also issue online-only licenses to non-casino licensees. It’s worth noting that DraftKings, the daily fantasy sports (DFS) site turned sportsbook operator, has its headquarters in Boston.
Baker’s plan would apply a 10% tax on land-based wagering revenue, while online betting would face a 12.5% rate. To ‘level the playing field,’ a new 12.5% tax would be applied to DFS revenue, which currently goes untaxed. Betting operators would pay an initial $100k license fee plus a $500k renewal every five years. Baker’s office estimates sports betting could add $35m in revenue to the state’s fiscal 2020 budget.