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Report
Massachusetts to Review Sports Betting Limits in October
SportsGrid
Follow
9/6/2024
Category
🥇
Sports
Transcript
Display full video transcript
00:00
Let's start in Massachusetts where regulators will put Massachusetts sports betting limits
00:10
on center stage by early October.
00:12
Can you fill us in on those details?
00:14
Yeah, so Massachusetts sports betting regulators held an agenda setting meeting earlier this
00:21
week and they marked September 11th, next Wednesday, this upcoming Wednesday for their
00:28
roundtable with sportsbook operators to discuss wagering limits.
00:34
And this has been a hot topic in Massachusetts for the last couple of months.
00:40
Regulators started talking about this back in March.
00:43
In May, they attempted to host a roundtable with operators who essentially blew them off.
00:51
They did not show up.
00:52
They did not attend the originally scheduled roundtable with regulators in Massachusetts.
01:00
And that kind of upset the regulators, as you could imagine.
01:07
Some of the commissioners believe a little bit of the early discourse between the sports
01:13
bettors themselves, who were also invited to the roundtable, might have upset the operators
01:21
and prevented them from wanting to show up initially.
01:25
So they've kind of gone back and forth over the last couple of weeks and months trying
01:29
to find a date where the sports betting apps, the operators, are expected now to attend
01:37
this roundtable that is scheduled for next Wednesday.
01:41
And what the regulators want to know is what are the practices?
01:48
How are the decisions being made around limiting sports bettors?
01:52
And of course, Mike, as you know, and most everybody else listening most likely knows,
01:58
what we're referring to is essentially successful bettors being told or forced to not be able
02:07
to bet as much as they want, being limited to a couple of dollars per bet.
02:14
And obviously, that upsets a lot of the successful sports bettors, the professional sports bettors.
02:21
And they had a lot of things to say during that initial roundtable that the operators
02:26
blew off.
02:27
So a lot of back and forth over the last couple of weeks.
02:31
But we do have that date set for Wednesday, September 11th, next week, where the operators
02:37
will get together with the regulators.
02:40
Sports bettors will be there as well, along with some responsible gaming groups to all
02:45
sit down and hopefully have a nice, calm and productive conversations around the strategies,
02:53
the decisions, the processes around limiting sports bettors in Massachusetts.
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