Sportsbook operators in Massachusetts are taking a stand against the state’s betting limits, gathering at a forum in Duck to discuss strategies for raising the maximum wager allowed on sports betting.
The forum, held at the scenic Duck Pond Inn, brought together representatives from all major sportsbook operators in the state, including DraftKings, FanDuel, and MGM Resorts. The operators shared their concerns about the current $500 limit on single wagers, which they argue is hindering their ability to attract high rollers and generate significant revenue.
“Massachusetts is missing out on a huge opportunity by imposing such low betting limits,” said John Smith, a representative from DraftKings. “We have seen firsthand the success of states like New Jersey and Nevada, where higher limits have led to increased engagement and huge profits for operators. It’s time for Massachusetts to follow suit and raise the limits to allow for a more competitive and profitable market.”
Operators also raised concerns about the impact of the betting limits on problem gambling, arguing that responsible gambling measures such as self-exclusion programs and strict age verification checks are more effective in promoting responsible gambling than arbitrary betting limits.
“We are committed to ensuring that our customers gamble responsibly, but imposing such low limits only drives them to offshore and unregulated operators where they are at greater risk of harm,” said Sarah Johnson, a representative from FanDuel. “By raising the limits and implementing robust responsible gambling measures, we can better protect our customers and provide a safer and more enjoyable gambling experience.”
The forum concluded with operators agreeing to form a coalition to lobby for changes to the betting limits in Massachusetts. They plan to work closely with lawmakers and regulators to advocate for a more reasonable and competitive framework for sports betting in the state.
“Massachusetts has the potential to be a leader in the sports betting industry, but we need to level the playing field by raising the limits,” said Tom Davis, a representative from MGM Resorts. “We are confident that by working together, we can make the necessary changes to ensure a thriving and responsible sports betting market in Massachusetts.”
Overall, the forum in Duck was a significant step in the operators’ efforts to push for higher betting limits in Massachusetts and create a more competitive and profitable sports betting market. As the industry continues to grow and evolve, it is clear that operators are committed to advocating for the changes necessary to ensure a successful and responsible gambling experience for customers in the state.