Concerns that dozens of candidates would attempt to nab non permanent sports activities betting licenses within the state proved unwarranted because the deadline to use for a web based playing license handed with solely a handful of functions filed.
“Six applications were submitted for Category 3 operator licenses, not including the five tethered to a Category 1 applicant,” the Massachusetts Gaming Commission stated Monday. “The law permits the MGC to award no more than seven stand-alone Category 3 licenses, which allows the operator to offer sports wagering in the Commonwealth of Massachusetts through an online platform.”
Monday at 2 p.m. was the deadline for many companies wishing to take bets on skilled and out of state faculty sports activities to submit their non-refundable $200,000 license charges to the Commission. The six candidates that ponied up the charge are a far cry from the 30 firms that indicated they supposed to use for a short lived license.
Regulators expressed concern over curiosity within the licenses on the finish of this summer time, after they realized the state’s newly handed sports activities wagering regulation included a provision permitting simply seven on-line operators however didn’t set a restrict on the variety of non permanent licenses that could be granted.
Commissioners frightened some firms would swallow the price of a short lived license to make what cash they might whereas the privilege lasted. In the tip solely six well-known playing platforms paid the $200,000.
The on-line candidates, in line with the fee, have been Bally Bet, Betr, Betway (DGC USA), DraftKings, FanDuel, and Pointsbet.
Encore Boston Harbor, MGM Springfield, and Plainridge Park Casino all utilized to host in particular person sports activities wagering but in addition indicated they intend to supply on-line betting companies.
“Encore Boston Harbor has indicated they intend to operate two online platforms, WynnBet and Caesars Sportsbook. MGM Springfield has indicated they intend to operate one online platform, BetMGM. Plainridge Park Casino has indicated they intend to operate two online platforms, Penn Sports Interactive and Fanatics Sportsbook,” the fee stated.
Both of the states shuttered canine racing tracks, Raynham Park and Suffolk Downs, have indicated they can even present on-line platforms along with bodily playing areas, although solely Raynham Park has utilized via a associate firm known as Bet365.
Commissioners hope to start permitting in particular person betting in January and on-line betting in March, offered, they’ve stated at common public conferences, they’ll get all the wanted rules written in time.
Source: www.bostonherald.com”