The Massachusetts Treasurer, Deborah Goldberg, is strongly advocating for the introduction of an online lottery platform within the state. She contends that if Massachusetts is prepared to adopt online sports wagering, it should similarly embrace online lottery, frequently referred to as iLottery.
Although the state legislature appeared ready to authorize online sports betting a short time ago, the trajectory for iLottery is less certain. There is considerable discussion surrounding the extent of tax incentives these emerging sectors should receive, with some projections reaching a substantial $3 billion. Determining the allocation of these funds between sports betting and iLottery has become a point of contention, leaving the final economic development legislation unresolved.
Goldberg, nevertheless, maintains a positive outlook on the prospects of iLottery in Massachusetts. She views it as a mechanism to safeguard the state’s lottery income, particularly with the approaching rivalry from online sports wagering. She posits that iLottery could yield considerable revenue for the state, potentially exceeding that of sports betting.
Massachusetts legislators are preparing for a challenging and protracted fight concerning the state’s financial plan. Numerous difficult choices await them before the year concludes, as they grapple with various competing demands and insufficient funds to satisfy them all.
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