College Sports Betting Gets Support From Massachusetts Representative

College Sports Betting Gets Support From Massachusetts Representative

The Government Affairs Forum of the Greater Boston Chamber of Commerce, Massachusetts House Speaker Ron Mariano voiced his support for college sports betting.

He added that the state Senate measure is overly focused on managing the sector and does not really assist those with gambling addictions.

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Current state law prohibits sports betting, although people of the Commonwealth are used to traveling to states where betting is permissible. 

DraftKings revealed that Massachusetts residents actually placed 35% of all Celtics postseason wagers in New Hampshire. He said that the same pattern was also seen during March Madness. 

He argued that the Senate plan is authoritarian and does not assist those with gambling addictions. To support his position that collegiate sports betting should be permitted, Mariano drew parallels between sports betting and the legal marijuana market. Between 2019 and 2020, he said, people began shifting from the illegal market to the legal cannabis market, and as the legal market continues to grow, the state has just hit $3 billion in revenue. 

These similar strategies may be used to wagering on collegiate sports. In conclusion, Mariano demonstrated his support for tax relief, namely a rise in property tax. Although he did not specify a price, Mariano said that he is open to offers.

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Different Views by Senate and Congress

 

The state House developed a sports betting measure last year that included college sports betting and the use of credit cards as a payment mechanism, but the Senate opted not to include these provisions in its own version of the bill. Currently, sports betting is allowed in more than 30 U.S. states, including New York, New Hampshire, Rhode Island, and Connecticut, all of which are close to Massachusetts. The sponsor of the Senate measure, Senator Eric P. Lesser, says that legalizing the sector could generate between $35 million and $65 million in tax revenue for Massachusetts.

He noted that the Senate measure was crafted with great care and has a heavy focus on consumer protection. Additionally, it promotes responsible gambling and market competition. In addition to the prohibition on collegiate sports betting, the Senate plan on sports betting includes higher tax rates and a ban on gambling advertisements during live sports event broadcasts. While waiting, the state was able to learn a great deal about how to oversee the sector, according to Lesser. He noted that one of the state’s lessons was that there must be a competitive market and a product of excellent quality for customers. The conflict between the House and Senate measures continues, and the AGA president recently encouraged the state to find a method to merge both legislation.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.