Available in nearly 40 US states, legal sports betting already reaches a large number of the country’s population. With regulation of the activity in the hands of lawmakers in different states, the tax rate is different from one jurisdiction to the other.
Massachusetts was among the states that legalized betting in 2022 but it wasn’t until last year when the activity launched. Although retail operators are subject to a 15% tax, online betting providers pay a 20% tax. A proposal filed by Sen. John F. Keenan sought to change the tax rate, increasing it from 20% to a whopping 51%, making Massachusetts the latest US state to go on a potential tax hike. Earlier this week, the proposal was shot down in the State Senate.
Besides Massachusetts, there are efforts toward raising the betting tax rate in Illinois and New Jersey. According to Keenan, the proposed
