Massachusetts residents are not excluded from the popularity increase among online gambling to US citizens. Fortunately, Massachusetts legislators are now imposing regulations on these online gambling ventures in order to make them legal and more regulated. Operators will be required to pay a one-time hefty fee in order to operate legitimate gambling operations in the virtual world, and players who engage in the games will be required to pay 15% in tax when it comes to their winnings.
- State Senator Eileen Donoghue has proposed new legislation in Massachusetts to regulate online gambling.
- The proposed bill requires current gambling operators to make a one time payment of $100,000 or 1.5% of their gross revenue. New operators would have to pay an initial registration of $50,000.
- Stephen Crosby has stated gambling should be defined as purchasing an opportunity to win an award on a future event and anything meeting that criteria should be regulated as such.
“Donoghue is well-versed on the subject, having co-chaired the Massachusetts Special Commission on Online Gaming, Fantasy Sports Gaming and Daily Fantasy Sports that studied these issues and submitted its findings last year.”