Any hopes of Massachusetts becoming the nineteenth state to legalize sports betting were extinguished Wednesday when the state senate failed to approve the practice’s inclusion in House proposed economic development plan.
Home to some of the most popular sporting franchises in the country, www.odds.com projects that the Massachusetts could expect close to $35 million in annual tax revenue generated from legalized sports betting. This projection falls right in the middle of the Massachusetts Gaming Commission estimate, which cast a wide range between$9 and $61 million.
The House saw a 156-3 vote in favor of the economic and employment support plan, but the addition of sports betting led to contention on the senate floor.
The senate would eventually pass the bill with unanimous support, but only after hours of deliberation saw the sections pertaining to sports betting removed from the draft.