New bill introduced by lawmaker would set limits on sports betting in Massachusetts [CBS News]
DraftKings Inc. - Class A (DKNG)
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Source: CBS News
It's called "Bettor Health Act" and State Senator John Keenan is leading the charge. "It's a multi-billion-dollar business that is growing every day. People who have struggles with sports betting are saying its difficult to watch sporting events," Sen Keenan said. The bill intends to: Raise the tax rate on online betting platforms from 20% to 51% Ban sports betting advertisements during game broadcasts Limit how much people can bet each day until gambling opportunities can conduct affordability checks, ensuring that someone has sufficient funds. How consumers vs companies feel about it Anthony Brewer is a recovering gambling addict, and he supports the bill, which would also require betting companies to increase the money they contribute to public addiction services. "I think it's very imperative that you are making a lot of money in the US. Let's put more money into the healthcare for those who are sick and suffering," Brewer said. Sports Betting Alliance, which is
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