What Is The Future of Sporting Events In Massachusetts? [A 2023 Guide]

Massachusetts has recently legalized sports betting, which allows individuals in the state to legally place wagers on sports events. This decision has huge potential for economic benefits both within and beyond Massachusetts’ borders. The move will create thousands of new jobs over the next year, generate income for small businesses, and allow tax revenue from legal sports betting to support public services like education initiatives and infrastructure updates. Legalized sports betting also ensures that betting remains secure, regulated, and safe, protecting players from harm or exploitation.

A good number of people will be placing bets through mobile devices

The American Gaming Association has found that more than 80% of sports bettors place their bets online. Most states’ legislation allows you to open an account with one of the main sports betting businesses and place a wager using a mobile app.

In jurisdictions like Nevada and Illinois, for example, you must first register for an account in person at establishments like casinos before you may wager while on the move. Since sports betting is permitted in Massachusetts without such limits, sportsbook betting has the potential to quickly attract tens of thousands of new customers, especially through lucrative Massachusetts sports betting promos.

New traditional, land-based sportsbooks will open

Imagine your favorite sports pub, complete with flat screens and a full bar, plus teller windows or digital kiosks where patrons may make wagers. To witness this live, you need not go very far: There are three of them in neighboring New Hampshire.

You can visit a sportsbook in Massachusetts right now if you want to. This is because Massachusetts has legalized sportsbook betting online as well as offline. As a result, more sportsbooks will operate near stadiums and other locations frequently visited by sports fans. The major sports bookmakers are looking for prime locations, such as the Hub on Causeway and Patriot Place.

Local bettors won’t need to go to other states anymore

There’s no hiding the fact that local sports bettors have been making fast treks over the border to Connecticut, New Hampshire, and Rhode Island, where they can make their wagers at legally operating sportsbooks rather than here.

A renowned sportsbook stated that 28% of customers at its New Hampshire stores before the Super Bowl this year were from Massachusetts, so you can imagine how common this is in your neighborhood. Those that have voiced their discontent with the spread of this trend include? Governor Charlie Baker! And now that sportsbook betting has been legalized in Massachusetts, there is no going back.

Some say that sports bars will do extraordinarily well

What does this imply for business at the local bar on game day? In the opinion of some business owners, sports betting will increase foot traffic to their bars as patrons watch their smartphones for confirmation of winning bets. Experts said that you might see bars try to position themselves as particularly gambler-friendly by advertising perks like superior WiFi.

However, some pubs, especially those near casinos, are concerned that the proliferation of land-based sports betting will steal their clients. The Massachusetts Restaurant Association has said that it does not have a position on whether or not legalization will benefit the bar industry.

Expect a deluge of coverage in the media

There will be a lot of people vying for your attention. While the new rule will undoubtedly limit certain forms of advertising, new agreements with sports franchises, clusters of street teams supporting one service over another, and a whole variety of other promotions may be expected to go along as usual.

There might be limitations, though. Advertisements for sports betting during live broadcasts have been discussed by state legislators. It’s not hard to see how things may quickly spiral out of control.

That equates to a plethora of gambling offers

You can expect that with so much competition, providers will be swarming you with introductory offers, some of which will be really enticing, such as risk-free bets. The major sportsbooks are interested in keeping you as a client for the long haul, so they’ll treat you like royalty at first. Experts believe that if you take advantage of this, you may gamble with a large amount of free money while you’re still in the honeymoon phase.

Last but not least, new revenue from taxes will be coming in

Tax revenue might be increased by the legalization of sports betting. But overall, it won’t amount to much of a windfall. Lawmakers predict it will bring in $35-$65 million per year, which is a lot of money but nothing compared to the taxes paid by casinos, which can earn that much tax income in a matter of weeks.

To Wrap Up

Legalizing sports betting in Massachusetts has numerous benefits for both citizens and businesses. The move has resulted in increased job opportunities, tax revenues, and greater transparency and responsible gaming measures. The impact of this decision is far-reaching and unequivocally positive for Massachusetts.