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Massachusetts Legislature Passes Bill to Legalize Sports Betting in the Commonwealth

After lengthy negotiations and pressure from stakeholders, the Adept House of Representatives and the Massachusetts Senate passed Bill 5164 (H. 5164) a while ago to legalize sports betting in the Commonwealth. Instead of crossing state lines to place bets on Rogers Island or Connecticut, Massachusetts residents can now place their bets in a place closer to home. In real time, the bill is subject to Governor Baker's approval.

The endless road to federal sports betting legalization

In 2018, the U. S. Supreme Court struck down the Defence of Professional and Amateur Sports Act, a federal law that did not allow states to legalize sports betting. To date, 30 states and the District of Columbia offer some form of sports betting, and a certain number of states have legalized it. If Governor Baker signs Bill H. 5164, Massachusetts will join this growing majority of states.

As with other gambling cases, Massachusetts has been rather slow and has taken a cautious approach to adopting conclusions regarding sports rates. It's only been 10 years since casinos were legalized. Almost all bills on sports rates have been passed before H. 5164. I wrote earlier about Bill H. 4559, which came out of the Joint Committee on Financial Development and New Technology in March 2020. However, as the epidemic progressed, the bill dragged on, with some lawmakers focusing on other values ​​and the debate on whether sports fees are necessary to connect student sports not continuing. Big, big, big, big, big, big, big, big, big, big

Last year, members and legislative leaders of the Igora Committee, Massachusetts, suggested that the parliament would accept sports tariffs. On August 1, 2022, the House of Representatives and Senate finally reached a compromise and accepted H. 5164 after a few hours of midnight, when the session ended. Governor Baker decides whether to sign the bill within 10 days. The governor publicly supported the introduction of sports fees in Massachusetts, but in 2019, he submitted his own sports fees and banned all kinds of sports betting at university, unlike H. 5164. did. I don't know if he passes this bill without time.

Review H. 5164

H. 5164 recognizes the sporting charges implemented in accordance with the proposed G. L. C. 23nnnnnnns, and the fantasy rights implemented in accordance with the proposed G. L. C. 12, § 11m½. Massachusetts Gambling ("Committee"), which is currently regulating gambling in casinos and jumping, is a general management of all sports rates activities in the federal application, issuing license, expansion processes Regulate the director.

In order to gain the right to conduct a sports fare business in the UK, the organization must meet any of the following conditions:

• Category 1 or 2 Chapter 23K gaming license has already been acquired (now MGM Springfield, Wynn Ma, LLC, Penn National Gaming);
• It is a licensee that operates a space｝ jump and has a certain qualification requirement;
• Alternatively, it provides a tw o-way platform for sports charges by mobile application or other digital platforms.

Before starting sports charges, the organization must have a license from the committee.

In the proposed Chapter 23n, "Sports Event", which was approved by the regulated fee structure, is "professional sports or competitions, student sports or competitions, student tournaments, auto racing, electronic sports contests, or this chapter. It is defined as other events approved by the committee. In this definition, (i) schools and youth sports competitions or competitions, or (II) university teams in Massachusetts are excluded if they do not participate in the tournament. 。

The permited bed includes one game, teaser rate, parray rate, ove r-underbet, money line, pole, exchange stations, beds in this illustration, proposals, proposals, proposals, proposals, and proposals. Proposer, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals, proposals. Proposals, proposals, proposals, proposals, proposals, proposals, and direct rates are included, but the rate is excluded according to the results of individual players in any sports and sports competitions. The bed in this IRGE is not allowed, for example, an injury, penalties, players' discipline, or replay review.

H. 5164 outlines the functions of the filing order for sports fees license in the future:

A qualified type of gambling company can apply for temporary approval to the committee. Payment of temporary license is $ 1, 000, 000. The European Commission may start sports betting immediately if the applicant is assumed to be a qualified gambling company that paid a commission. Shor t-term licenses can do their business until the final view of the first year or operator's license application is approved. Shor t-term license holders must comply with the standards of games approved by the European Commission.

The operation fee is $ 5, 000, 000, and a qualified gambling organization has the right to carry out a sport rate for five years. In order to renew your fiv e-year permission, Licensei must pay a $ 5. 000. 000 renewal fee. The business operator must not include the right to carry out sports betting until the standard is approved by the committee, and must comply with the license over the entire period.

After receiving the operator's license order, the committee starts testing the applicant's "aptitude". In this process, the European Commission was conscience and sincerity, economic duty and resources, business agility, no n-federal business license, relevance to business practices, and related companies and most. It covers the aptitude of stakeholders to obtain a license, including a close partner, and evaluate the applicant's joint reputation.

Applicants/ operators cooperate with the committee and determine the documents and information necessary for the committee to determine the correlation between laws, related rules and regulation claims in a shorter or shorter period of the committee's request. May provide.

As part of the conformity verification, the European Commission will thoroughly verify the background of some people affecting the applicant. This is the owner of more than 10 % of shares with the ability to control the applicant, and the person, employee, or agent who has the power to have a significant impact on the operation of the applicant in a sport rate. 。

The applicant employees who manage the gambling business are also subject to professional acceptance and must be licensed. The application fee for professional license is $ 100.

The committee has a wide range of authority to refuse to issue a license based on the information confirmed during the compliance verification. If the committee considers the applicant's application and investigates its aptitude 200. If the survey cost exceeds $ 200. 000, the applicant must pay the entire additional fee to the committee.

License type category 1, 2, 3

The law stipulates three types of licenses for sports charges. Category 1 license allows the existing gambling facilities to operate a complete sporting fee, and two applications or digital platforms with individual brands receive category 3. The same subject cannot have a license for category 1 and category 2.

Category 2 licenses are designed for personal betting for specific horses and grayhound events. Also, in Category 2 license, multiple applications and digital platforms with individual brands that have acquired category 3 have been posted. Acquisition of a license in this class requires at least 7. 5 million minimum investment. It is necessary to do it for 3 years after the license is $ 500. 000.

Category 3 licenses can be issued to organizations that provide sports charges through the application or digital platform approved by the Commission. The committee can issue up to seven licenses for category 3 that are not related to category 1 or 2. Category 3 licensing does not need to be related to Category 1 or 2 licensors. As part of the

(i) As defined in this bill, 15 % of the total income after adjusting the businesses from sports and tariffs, (II) approved applications and digital platforms 20 % of the total income after coordinating businesses from sports Talifs, and 15 % of the total income after adjusting individual or corporations, as defined in (III) defined in this draft. These tax rates are almost the same as the sports tallif tax rate in other states.

Sports tax rate and other rules

Some of the income obtained from taxes and fees will be turned into sporting charges. The income from this fund is mainly directed to general financial resources (45 %) and municipalities, and is used to expand the employment opportunities for educational purposes, federal population, vulnerable, and young people. The committee will collect $ 1, 000 fees from each of the no n-owners of the 23K Chapter 1 or Chapter 2 to enter the fund to fight the gambling.

H. 5164 has (1) a survey on (1) minorities in sports charges in the federal sports fee, survey on the business participation of women and veterans, and (2) solution to retail points in Massachessetts to operate sports charges. Request to conduct a survey on possibilities. The committee also has the aim of understanding the social and economic impact of sports betting, including the collection of scientific data on sports betting, psychology, sociology, epidemics, and pathology. The program should be formulated.

Furthermore, this law includes several clauses related to the protection of consumer rights and the fairness of gambling, and the European Commission will develop this into a regulation law.

What is expected if the sports betting fee is legalized? < SPAN> (i) As defined in this bill, 15 % of the total income after coordinating businesses from sports and tariffs, approved and approved for sports and tariffs. 20 % of the total income after coordinating businesses from sports Talifs performed through digital platforms, and (III), as defined in this bill, 15 individual or corporate coordinations after adjusting individual or corporations. %. These tax rates are almost the same as the sports tallif tax rate in other states.

Sports tax rate and other rules

Some of the income obtained from taxes and fees will be turned into sporting charges. The income from this fund is mainly directed to general financial resources (45 %) and municipalities, and is used to expand the employment opportunities for educational purposes, federal population, vulnerable, and young people. The committee will collect $ 1, 000 fees from each of the no n-owners of the 23K Chapter 1 or Chapter 2 to enter the fund to fight the gambling.

H. 5164 has (1) a survey on (1) minorities in sports charges in the federal sports fee, survey on the business participation of women and veterans, and (2) solution to retail points in Massachessetts to operate sports charges. Request to conduct a survey on possibilities. The committee also has the aim of understanding the social and economic impact of sports betting, including the collection of scientific data on sports betting, psychology, sociology, epidemics, and pathology. The program should be formulated.