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Massachusetts Senate rejects proposed online sports betting tax increase

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The Massachusetts Senate rejected a budget amendment that would have raised the online sports betting tax rate from 20% to 51%. Senator John Keenan proposed the change, citing potential problem-gambling concerns and the prospect of online lottery sales and casino gaming.

Operators in Massachusetts avoid the proposed increase to their online sports betting tax rate.

End-of-day close DraftKings (DKNG), USD, to 5 July 2024
Story date8 April 20245 July 2024

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