Section 240.01 - Description of TaxPursuant 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.Adopted by Mass Register Issue 1481, eff. 10/7/2022 (EMERGENCY).Amended by Mass Register Issue 1485, eff. 10/7/2022 (COMPLIANCE).