Massachusetts excise tax attorney on sports operators
Massachusetts—Cigarette, Alcohol & Miscellaneous Tax Rates—Sports wagering tax enacted. The law imposes an excise tax on sports operators in Massachusetts at the rate of: (1) 15% of the operator’s adjusted gross sports wagering receipts from the operation of in-person sports wagering; (2) 20% of the operator’s adjusted gross sports wagering receipts from the operation of sports wagering through mobile applications and other digital platforms; and (3) 15% of the adjusted gross fantasy wagering receipts of a person or entity that offers fantasy contests. The tax is in lieu of all other state and local taxes and fees imposed on sports wagering. The tax is due and payable in monthly installments on or before the 15th calendar day following the calendar month the adjusted gross receipts were received. The tax due must be remitted by electronic funds transfer simultaneously with the electronic filing of the return.
Massachusetts excise tax attorney on sports operators
