Today it was revealed that lawmakers in Massachusetts have come to an agreement related to sportsbetting, beating a deadline for the activity to pass through the legislature.
The agreement will culminate with a 50-page bill that taxes land casino sportsbetting revenues at 15% while mobile betting companies will be taxed at 20%. Events around the world will be permitted, as will collegiate sports, as long as the events don't have teams that are based in the state. Gamblers must be 21 or older in order to partake.
Regarding the deal Speaker Ron Mariano said, "I am proud to announce that the Sports Betting Conference Committee has reached an agreement on legislation that will legalize wagering on professional and collegiate sports in Massachusetts, bringing the immense economic benefits of a legal sports betting industry to MA."
The bill will now to go to the desk of Governor Charlie Baker, who has 10 days to sign it into law or veto it. He has indicated prior support for the bill, so it's likely that it'll be passed into law. Sportsbetting could quickly be implemented and launched, with it likely only taking days for it to go live. This comes just in time for the upcoming NFL season, which sees regular season games beginning in September.