The Massachusetts Joint Committee on Economic Development and Emerging Technologies held a hearing on October 17 to listen to both support and opposition regarding the legalization of online casinos. Legislators discussed core issues such as regulatory frameworks, tax policies, and social impacts, with the bill allowing three casinos to offer online products.
Proponents advocate for regulation to replace the illegal market
Representative David Muradian introduced Bill H4431, emphasizing the integration of the illegal market into a regulated system to establish a safe and transparent environment. The bill proposes a 15% tax rate on online casino operators, with industry representatives claiming bipartisan support for the legislation, which could reduce the scale of the black market and protect consumer rights.
Opponents worry about gambling addiction and losses to physical casinos
The National Anti-Online Gambling Association noted that calls to Massachusetts' gambling helpline have increased by 200%. Data from Pennsylvania shows a 26% reduction in physical casino employees, and Maryland anticipates a 16% decline in revenue. Senator John Keenan introduced Bill S302, proposing to ban prop bets and increase the tax rate on sports betting to 51%.
Legislative process and future arrangements
The committee has not yet taken action and will accept written testimony until November 20. The House of Representatives is required to submit a report by December 17. The bill includes consumer protection mechanisms, and supporters welcome discussions on enhancing these measures.
————
This article is from "PASA-Global iGaming Leader" gambling industry news channel:https://t.me/pasa_news
Original in-depth gambling channel:https://t.me/gamblingdeep
Free data reports: @pasa_research
PASA Matrix: @pasa002_bot
PASA official website: https://www.pasa.news
