Massachusetts does not seem to be in a major hurry to legislate sports betting in the state and DraftKings wants to change that by coming up with a new campaign geared at pushing forward sports betting legislation in early 2019.
The Supreme Court lifted the PASPA 1992 which prohibited sports betting and since then 5 states including New Jersey and New Mexico have gone on to regulated sports betting. There are reportedly close to 15 other states that are in talks about legalizing sports betting and Massachusetts is one of those states.
Given the huge market of Boston and its current affiliation with sports betting — DraftKings, one of the biggest platforms in the U.S. Was founded and still has its headquarters there — Massachusetts is a state industry enthusiasts are definitely keeping their eye on. DraftKings is located in Boston and is one of the top companies pushing for sports betting to be legalized as it wants to make its home state a part of its top markets. Having such a large presence in Massachusetts, it is really no wonder that this state could be the next to legalize when it comes to sports wagering in America. .Reward tiers are as follows: $3, $10, $100 and $500 are awarded as site credits and can only be used on DraftKings. $1,000, $10,000 & $25,000 are issued.
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Gov. Charlie Baker stated that a few months earlier that his team had launched discussions with a number of sports leagues in the country regarding sports betting regulation. The Governor expected legislators to move forward with a sports betting bill in January 2019 when the State House resumes.
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Legalizing sports betting in Massachusetts is expected to bring a number of benefits such as preventing residents from wagering on illegal sports betting websites, going across the border and spending their money on out-of-state sportsbooks and also bringing in millions of dollars to the government through sports betting licensing fees and gaming tax revenue. Analysts predict that Massachusetts could gain as much as $61.3 million in sports betting taxes per year.
.Reward tiers are as follows: $3, $10, $100 and $500 are awarded as site credits and can only be used on DraftKings. $1,000, $10,000 & $25,000 are issued.
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DraftKings Launches Campaign
DraftKings is one of the top daily fantasy sports (DFS) operators in America along with FanDuel and is very keen on expanding its offerings through legalized sports betting. The DFS operator has its eye on the Massachusetts market and confirmed that it will launch a campaign geared at pushing for sports betting legislation.
In a statement, DraftKings said
DraftKings is looking forward to lending our expertise an insight as a sports betting operator when the legislature takes up sports betting in 2019. Legal, regulated mobile sports betting provides the best mechanism to not only protect consumers, but to eliminate illegal offshore gambling, ensure game integrity, generate new revenue for the Commonwealth and fuel the growth of Massachusetts’ sports-tech sector
Is Draftkings Legal In Massachusetts
DraftKings which has its headquarters in Boston, Massachusetts’ has come out with a social media campaign that targets residents in Massachusetts to remind them what they are missing out on because sports betting is yet to be made legal in the state.
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The DFS operator has also confirmed it will continue with its legislative and lobbying efforts to ensure that there are no unnecessary delays regarding the move to legalize sports betting in Massachusetts.