It will be business as usual regarding promotion play taxes for sports betting in Massachusetts.
That word came down during Tuesday’s public meeting No. 455 of the Massachusetts Gaming Commission (MGC).
The five MGC commissioners voted unanimously that taxes will continue on any promo play brought forth by any of the providers and that operators in the Bay State will not be able to deduct their promotional play spend from their gross gaming revenue.
Operator Requests Reviewed, Approved
The Commission's Sports Wagering Division also reviewed requests for temporary waivers from provisions of 205 CMR 255: Play Management.
Those requests came from the seven Massachusetts sports betting apps providers that operate in the Commonwealth:
- BetMGM
- Betr
- DraftKings
- Fanatics
- FanDuel
- Barstool Sports
- WynnBET
Each operator asked for slightly different waivers with specific dates in mind on each of their direct requests, ranging from May through September.
The providers, essentially, were seeking waivers to specific regulations having to do with play management to develop and enhance their technology that then would need to be tested and implemented on their specific platforms.
All seven providers were unanimously approved, 5-0.
Retail sports betting at the state’s three casinos launched on Jan. 31, followed by mobile on March 10.
BetMassachusetts.com – your source for Massachusetts sportsbook promos – will keep you up to date on major decisions made by the MGC and all the state’s top sports teams.
