Massachusetts on line casino operators are urging lawmakers to allow them to take management of the sports activities betting market that would ultimately launch within the Bay State.
Executives from Plainridge Park Casino and Encore Boston Harbor penned a letter to Bay State lawmakers arguing that since they had been those that put up the cash to solidify the state’s playing market, they need to be allowed to have the biggest piece of the sports activities betting pie, according to a report from MassLive.
“Those that make actual investments in Massachusetts, assume legitimate risk, and incur costs to provide a service or benefit in the Commonwealth should be enfranchised under this legislation,” Plainridge Park General Manager Lance George and Encore Boston Harbor President Brian Gullbrants wrote in a joint letter to lawmakers.
The executives went on to say that lawmakers ought to grant the three firms with expanded gaming licenses, which additionally contains MGM Resorts because of their property in Springfield, the power to take bets on sporting occasions.
They additionally stated that every licensee must be allowed to accomplice with an internet sportsbook, however didn’t suppose that those who function solely on-line must be given a gaming license. They feared that if these books got a license and will entry the market with out a partnership, then the chance that was assumed to create an upstanding brick-and-mortar business could be devalued.
They did, nonetheless, say that they’d help the Gaming Commission granting a fourth license to an internet sportsbook that’s primarily based within the state. The assertion is clearly referencing Boston-based DraftKings, which has grow to be one of many greatest on-line sportsbooks within the nation after making its title as a each day fantasy sports activities powerhouse.
Last July, the House included sports activities betting in its financial improvement invoice, however the Senate saved it out of their jobs invoice and argued that it was a topic that must be handled individually.
The brick-and-mortar operators, nonetheless, advised lawmakers to not wait too lengthy as neighboring states, akin to Rhode Island and New Hampshire, have already launched a regulated sports activities betting market, and useful tax income is escaping the state.
These similar casinos have been attempting to push sports activities betting by the legislature for a while as an analogous dialog befell in 2019 when all three casinos had executives urging lawmakers to cross particular laws concerning sports activities betting.