Massachusetts: Fanatics Secures Category 3 Sports Betting License 

Massachusetts: Fanatics Secures Category 3 Sports Betting License 

Fanatics

The Massachusetts Gaming Commission has voted in favor of Fanatics being provisionally acceptable for a temporary sports betting license. 

This decision was reached after Fanatics presented the commission with the necessary documentation.

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Intends to Accomplish Massachusetts Gaming Commission 

Just the week before last, Fanatics Holding reaffirmed its ambitious plans to roll out its betting on sports platforms throughout multiple states in the United States during the first three months of 2023. 

During a meeting that was held with the Massachusetts Gaming Commission, the parent business of Fanatics Betting and Gaming (FBG), Fanatics Commerce, and Fanatics Collectibles presented the objectives that it intends to accomplish (MGC).

Now, the MGC has announced that it has granted a unanimous decision to find Fanatics Betting and Gaming “preliminarily suitable for a Category 3 sports wagering operator license.” 

Following the completion of MGC’s evaluation of the company’s application for a sports betting license as an operator, the organization reached the key decision.

An Internal Responsible Gaming Plan 

Before officially launching its sports betting services in Massachusetts, Fanatics will be required to establish an internal plan for responsible gaming and provide the plan to the commission. This requirement is following the request made by the commissioner.

While the MGC’s Investigations and Enforcement Bureau works to complete its comprehensive assessment of Fanatics’ suitability, the company is in a position to make an application for a temporary license that would allow it to continue offering sports betting to customers. 

The category 3 license would be coupled with the category 1 license that Plainridge Park Casino already possesses for its various sports betting activities.

If Fanatics were to be given a provisional license, the business would afterward be required to get an operating certificate in addition to satisfying further prerequisites. 

For the sportsbook to be authorized to accept sports wagers on any of the sanctioned sporting events, each of these prerequisites will need to be satisfied first.

Temporary licenses in category 3

According to information provided by the MGC, the retail sports betting market in the state will officially open on the last day of the current month at establishments that hold a license in Category 1. At the same time, it is anticipated that mobile and internet sports betting would be formally introduced sometime during March.

Getting Interested in Providing Sports Betting 

The Massachusetts Gaming Commission is authorized to offer Category 1 sports wagering licenses to entities that already possess a gaming license following MGL Chapter 23K, provided that the respective entity would be interested in providing sports betting. 

This authorization can be found in Massachusetts General Laws Chapter 23N. The same entities would additionally be required to fully comply with each obligation that has been outlined by the MGC, in addition to paying any expenses that are linked with it.

The holders of sports wagering licenses in Category 1 are granted the authority to provide sports betting services through the use of as many as two independently branded mobile applications in addition to any other types of digital platforms that the commission has given the go-ahead. 

In conclusion, to comply with the requirements of MGL Chapter 23N, every platform must meet the necessary criteria and have a Category 3 three sports wagering license.

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About Lou De Aguila

Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time.