Code of Massachusetts Regulations
205 CMR - MASSACHUSETTS GAMING COMMISSION
Title 205 CMR 240.00 - Adjusted Gross Sports Wagering and Adjusted Gross Fantasy Wagering Receipts Tax Remittance and Reporting
Section 240.01 - Description of Tax

Universal Citation: 205 MA Code of Regs 205.240

Current through Register 1531, September 27, 2024

Pursuant to M.G.L. c. 23N, § 14, the following excise taxes relative to sports wagering and fantasy contests shall be calculated daily and remitted to the Commission on a monthly basis:

(1) a monthly tax of 15% of the Operator's Adjusted Gross Sports W agering Receipts from the operation of in-person sports wagering, computed in accordance with 205 CMR 240.02;

(2) a monthly tax of 20% of the Operator's Adjusted Gross Sports W agering Receipts from the operation of sports wagering through mobile applications and other digital platforms approved by the Commission, computed in accordance with 205 CMR 240.02; and

(3) a monthly tax of 15% of the Adjusted Gross Fantasy Wagering Receipts of a person or entity that offers fantasy contests pursuant to M.G.L. c. 12, § 11MU and 940 CMR 34.00: Daily Fantasy Sports Contest Operators in Massachusetts, computed in accordance with 205 CMR 240.02. Any person engaged in offering fantasy contests shall register with the Commission on a form approved and prescribed by the Commission. Failure to comply with M.G.L. c. 23N or 205 CMR 240.00 may result in civil consequences.

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