Mass legislators. reached an agreement on sports betting


Sports News

Betting on college sports, a sticking point in negotiations, will be allowed (with one important distinction).

A DraftKings bookmaker in New Jersey in 2018. Wayne Parry/AP File Photo

Although the deadline has technically come and gone, Massachusetts lawmakers reached an agreement to legalize sports betting in the early hours of Monday.

After back and forth on the issue for more than a year, after the House and Senate both passed sports betting bills with major differences, the two were able to settle disputes within of the conference committee.

“I am proud to announce that the conference committee on sports betting has reached agreement on legislation that will legalize betting on professional and collegiate sports in Massachusetts,” House Speaker Ron Mariano tweeted. , shortly after 5 a.m.

What has been agreed?

According boston globe journalist Samantha Gross, the deal will include:

  • Professional and university bets, with the exception of public schools
  • In-state college betting will be permitted if part of an NCAA Tournament, by Michael Silverman of boston globe
  • A 20% tax rate for online betting, with a 15% tax rate for retail/in-person betting
  • No advertising ban
  • Credit cards cannot be used to fund betting accounts (but debit cards are permitted)
  • According to WBUR, existing slot halls, casinos and racetracks in the state will be able to apply for a sports betting license (which includes a $5 million application fee) and partner with two gambling platforms. mobile sports betting.
  • In addition, seven mobile sports betting platforms will be available

What should happen now?

Technically, the July 31 deadline imposed by the legislator has expired, but extensions were agreed and the last official session – which started before the deadline – was allowed to continue. This made it possible to reach an agreement.

Once the bill comes out of the conference committee, it still needs to be formally voted on and passed by both the House and the Senate.

If the bill officially passes lawmakers in Governor Charlie Baker’s office, he will have 10 days to sign the bill into law.

When could mass betting start?

Obviously, it all depends on the final details, including (and most importantly) Governor Baker’s signature.

If the agreement becomes formal law, it will require the implementation of a new regulatory framework, the review/approval of sports betting applications and numerous other procedural developments before actual bets can be placed.

But, according to Mass. Sen. Michael Rodrigues, there is optimism that sports betting could start in time for the next football season.

“With a bit of luck,” he told reporters.



Boston

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