Tribes and Sports Betting Agreement.

What’s happening? Massachusetts has reached an agreement with a tribe, the Mohegans. Their agreement:

• Sports betting revenue will be taxed at 13.75%. iGaming will be taxed at 20%.
• The Lottery can operate 15 retail sports betting locations as well as one online skin. There will also be new Lottery-run sports betting venues in Bridgeport and Hartford.
• The Lottery can sub-license some of those operations to Sportech, but Sportech will not get operations or an online skin of its own.

Why is this important? The Governor is negotiating with tribes before the state has legalized sports betting and iGaming.

How will this be important? All eyes are curios to see if reaching an agreement with the tribes makes legislation as easier task.

Legal Sports Report | MOHEGAN, CONNECTICUT GOV. LAMONT REACH SPORTS BETTING AGREEMENT