It’s down to the wire for Massachusetts sports betting this year. And while several key issues seem to make the passage of any legislation unlikely, the odds are no where near zero. Both the State Senate and House have passed bills, but the differences between them will have to be resolved before July 31st. Key differences between the competing bills revolve around betting on college games, the tax rate for operators, advertising restrictions, and the how many mobile licenses will be issued. Those are some major obstacles to overcome in just a month’s time. Major, but not impossible. Estimates are…

As part of his state budget proposal, the Governor Charlie Baker has introduced a Massachusetts sports betting bill that would allow online and mobile wagering to take place. Wagering would be limited to professional sporting events, and the legislation would prohibit any bets on college games and any eSports competitions. Regulation of the industry would fall to the Massachusetts Gaming Commission. Taxes on wagers at land based casinos would be taxed at 10%, while online bets would receive 12.5% tax. You can read more about the possibility and details of the Massachusetts sports betting proposal at Yogo Net.

Not every state is ready to embrace betting on sporting events. The State Senate has shot down a proposal to legalize Massachusetts sports betting which could have brought in as much as $35 million in tax revenue. An amendment to regulate the activity at land based casinos, racetracks and online casinos was rejected without a roll call vote. The House had previously voted to legalized sports betting, but the Senate was obviously far less interested. Following the disappointing outcome the session there is still a chance for the Senate to reconsider the issue before the session ends in early January….

In an interview at Greg Hill Show Monday morning, the Governor discussed legalizing Massachusetts sports betting. After sharing that the legislative process is taking longer than he had hoped, Governor Charlie Baker said: “I certainly hope we get this done by the end of… June of 2020, but I would like to have seen it done sooner to tell you the truth.” Baker then dealt with the importance of legalizing this practice to avoid the need of going over state lines to bet on sporting events. “That is a really good point,” Baker said. “There’s several others in the Northeast…

Governor Charlie Baker introduced a new proposal on Thursday that aims to legalize Massachusetts sports betting, and tax those bets on professional sports both online and at casinos. The law would allow other entities to be licensed to offer the modality as well. Baker detailed that he would file legislation to allow the Massachusetts Gaming Commission (MGC) to license the three casino operators in the state to offer on-site and online sports betting. This legislation would also pave the way for other operators, such as daily fantasy sports (DFS) entities to be licensed for sports betting. “Our legislation puts forth…

Wagers might generate between about $9 million and $61 million in state tax revenue if lawmakers decide to make Massachusetts sports betting legal, the Gaming Commission said Thursday in a white paper that mapped out how the Legislature might think about introducing another new form of gaming in the Bay State. Massachusetts, like many other states, is waiting to learn if the U.S. Supreme Court will strike down any or all of the Professional and Amateur Sports Protection Act, which limits which states can offer legal sports betting. A decision in the case Christie v. National Collegiate Athletic Association could…