Draftkings Sportsbook Massachusetts
ContentsSports betting in Massachusetts was put on hold last week after the Senate scrapped sports betting from the new economic development bill. After getting huge favor in the House, the Senate felt the bill was better amended without the sports betting language in it.
Massachusetts was expecting to get sports betting this year, and that is still possible; however, it will need to come a different way than how lawmakers initially tried to legalize it.
Is DraftKings Sportsbook legal? Yes, if you are in a state that has legalized sports betting. In 2018, the Supreme Court struck down a law blocking sports betting, and leaving legality up to individual states. Sports gambling may soon become legal across the United States, but currently, each state is going through the individual legal process. Given the huge market of Boston and its current affiliation with sports betting — DraftKings, one of the biggest platforms in the U.S. Was founded and still has its headquarters there — Massachusetts is a state industry enthusiasts are definitely keeping their eye on. DraftKings is located in Boston and is one of the top companies pushing for sports betting to be legalized as it wants to make its home state a part of its top markets. Having such a large presence in Massachusetts, it is really no wonder that this state could be the next to legalize when it comes to sports wagering in America.
You will not be able to bet using the Draftkings sportsbook app from Massachusetts at the moment. Currently, BetUS (now celebrating 25 years in business) does take bets from those living in. Massachusetts may not only legalize sports gambling. The state may eventually become a new hub for online sports wagering. In January of 2019, Gov. Charlie Baker proposed a bill that would make Massachusetts the second state in the nation (following the lead of online sports betting in Tennessee) to allow online sports wagering that is unaffiliated with land-based casinos.
Senators did not believe it was right to slap a sports betting bill on the back of the economic development bill. They are in favor of passing sports betting, just not in this manner.
The House of Representatives felt that adding sports betting would bring in additional and much-needed revenue.
The proposal included a $250k application fee covering the first five years of operation with a $100k renewal fee for the second five years.
The state had proposed a 15 percent tax on adjusted gross sports wagering receipts with an additional one percent for events taking place in Massachusetts.
What’s Next for Massachusetts Sports Betting?
Lawmakers will need to find another way to get sports betting bill through Congress. There is bipartisanship for sports betting; however, the Senate did not feel like it was right to legalize sports betting by putting it on at the end of an economic development bill.
Massachusetts Governor, Charlie Baker, is a proponent for sports betting and would like to see it passed sooner than later. Baker could use sports betting revenue in the state budget. Although the state has discussed legalizing sports betting since 2018, they have yet to find a way to legalize it.
Overall, the House will need to go back to work on a bill. There were some details that the Senate pointed out that might have saved sports betting in Massachusetts from becoming a disaster.
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Some of the language used in the bill would only allow five sports betting licenses to operators and giving three of them to casinos. FanDuel and DraftKings would also be permitted to open sportsbooks.
Revenue sharing was also in the bill and could have been the first state to do something of its kind in the sports betting industry. There is a chance that could be in the final bill if lawmakers look to hash details over the coming months.
The Importance of Passing the Bill
The biggest issue with Massachusetts not passing the sports betting portion of the bill is it will cost the state more revenue. People from Massachusetts can go to Rhode Island or New Hampshire to place bets on their favorite teams.
Legalizing sports betting will keep revenue within the state to help the local economy. Now, lawmakers will need to figure out a way to get a bill back through Congress so they can legalize sports betting in Massachusetts.
The coronavirus has also decimated state budgets across the country. The state will ace deficits and need different revenue streams to pull from to help soften the blow. Sports betting has been a go-to for most states as it will create an instant revenue stream for a state to use.
Draftkings Sportsbook Massachusetts
Massachusetts lawmakers will turn to this as a way to push another sports betting bill through.
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