Massachusetts is set to join the growing list of states offering online sports betting, with a tentative launch date of March 10th this year, with online licenses to be finalized on February 23. The Bay State has been a leader in gambling expansion in recent years, with the opening of its first casino in 2015, and now it’s time for sports betting to take center stage.
The expected launch date goes hand in hand with the Massachusetts Gaming Commission’s (MGC) desire to have online sports betting up and running in time for the NCAA March Madness tournament. It starts on March 14th as a busy time for all sportsbook operators. MGC executive director Karen Wells commented, ”This depends on the quality of the internal control submissions that the applicants have submitted, and their responsiveness to issues brought up by GLI.”
The MGC has been working on regulations for online sports betting for some time and, after a rigorous process, has finally given the green light for operators to begin offering services to customers. The MGC has emphasized that the priority for the state is to ensure a safe and secure betting environment for its residents. The commission has also been working with operators to ensure that there is a strong commitment to responsible gambling, with strict guidelines and controls in place to help prevent addiction.
The launch of online sports betting in Massachusetts is poised to boost the state’s economy. This could create new job opportunities, stimulate local businesses, and drive growth across the state.
More on Massachusetts sports betting
Retail sports betting has already kicked off in the state on January 31 at the state’s three licensed casinos – Encore Boston Harbor, MGM Springfield, and Plainridge Park Casino.
At this point, 11 firms present as being suitable for licensing: Bally’s, PENN Entertainment, BetMGM, betr, Betway, Caesars, DraftKings, FanDuel, PointsBet, Fanatics, and Wynn Resorts. Bet365 applied and afterward withdrew the application last month. Betway has also indicated it will not be able to launch in the state immediately.
Retail sportsbook operators pay tax at a rate of 15%, rising to 20% for those online operators, with betting on in-state college teams banned by Massachusetts gaming law.
Read more about Massachusetts’s journey towards legal online sports betting.
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