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Massachusetts State Senate rejects bid to raise sports betting tax

“Sen. Keenan’s amendment to raise the sports betting tax from 20% to 51% has been rejected by the Massachusetts State Senate via unanimous consent,” according to an X post by Bill Speros. Publicly traded companies in the space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).

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