Amendment ID: S2844-4
Gaming excise to allow Massachusetts to be competitive with other states
Messrs. Tarr and O'Connor and Ms. Moran move that the proposed new text be amended by striking lines 646 through 655 in its entirety and inserting in place thereof the following:-
"Section 13. (a) An excise is hereby imposed upon sports wagering operators in the commonwealth at the rate of: (i) 10 per cent of an operator’s adjusted gross sports wagering receipts from the operation of in-person sports wagering; and (ii) 12.5 per cent of an operator’s adjusted gross sports wagering receipts from the operation of sports wagering through a mobile application or other digital platform approved by the commission; and of the adjusted gross fantasy wagering receipts of a person or entity that offers fantasy contests, as defined in section 11M½ of chapter 12; provided, however, that the cash method of accounting shall be used for purposes of calculating the amount of the tax owed by the operator. The excise shall be paid to the commission at the time provided for filing the return pursuant to subsection (b)."