This week Massachusetts Governor Charlie Baker signed House Bill 5164 into law, thereby making the activity legal and setting the stage for a regulated market to launch soon.
The signing came with just hours left in the state's legislative session, seeing Massachusetts becoming the 36th state to legalize the activity. The Massachusetts Gaming Commission will be overseeing the regulation of sportsbetting and will be responsible for licensing operators in the state. The activity won't likely be in place for the start of the NFL season, as the full slate of rules are still being drafted.
A statement released by Governor Baker read in part: "Our administration first filed legislation to legalize sports wagering in the Commonwealth several years ago, and I am glad to be able to sign this bill into law today.
"We appreciate the dedication and compromise that the Legislature demonstrated on this issue, and we look forward to supporting the work of the Massachusetts Gaming Commission on the responsible implementation of the law over the next several months."
Licensees will have to pay a $5 million fee and will be taxed at a rate of 15% for land-based wagers and 20% for mobile bets. Punters must be 21 years of age or older to participate, and college sporting events with teams from Massachusetts will not be available unless the team is taking part in a national tournament.
Casino Listings News will keep players abreast of developments as they come in this market.