Massachusetts online sports betting begins, expected to bring in $60 million in taxes a year

  • by:
  • Source: CBS Boston
  • 07/20/2023
Massachusetts online sports betting begins, expected to bring in $60 million in taxes a year
Views from the upper Deck of a Los Angels Lakers Game in early December. by Tim Hart is licensed under Unsplash unsplash.com
Massachusetts sports fans raced to their cellphones Friday to begin placing bets as the state allowed online sports wagering just days ahead of tip-off of the NCAA Tournament next week.
 

The start of online sports gambling came a little over a month after the state began allowing in-person sports betting at the state's three casinos — Encore Boston Harbor in Boston, Plainridge Park Casino in Plainville, and MGM Springfield in Springfield.

Lawmakers estimate that sports betting could generate about $60 million in annual tax revenue and $70 million to $80 million in initial licensing fees, which must be renewed every five years. The law includes a 15% tax on in-person wagering and 20% tax on mobile wagering.

Views from the upper Deck of a Los Angels Lakers Game in early December. by Tim Hart is licensed under Unsplash unsplash.com

Help FAIRtax Become The Number One Issue in 2025

Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!

Help out with a One-Time Contribution

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help FAIRtax.org bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.

Billing information (REQUIRED)

Payment information (REQUIRED)

To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes for any reason to your existing Monthly Donation or if you have a question about any charge, Please email info@FAIRtax.org or call ‭(800) 324-7829‬‬
Provide ONLY your name and phone number, do not provide any card info.

Please Note that inputting your new information at our website won't update your account.

Thank you for your support!


Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

Connect

Share

© 2014 - 2025, FAIRtax, all rights reserved
Privacy Policy | Terms of Use