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Even though a joint legislative committee spent two years studying the issue, the Legislature couldn't agree on a bill levying taxes on fantasy sports betting by the deadline. A Senate measure applying a 12.5 percent tax that could have raised an estimated $2 million in revenue annually, according to the Boston Globe, did not get House approval, even though there is support for such a tax in that body as well. Fantasy sports taxes in most states are 15 percent. The Legislature did find time this summer to pass a measure permanently legalizing daily fantasy sports in the state. Boston-based Draft Kings, a fantasy sports industry heavyweight, lobbied for the legalization and against the tax, arguing that fantasy sports is a game of skill, not a game of chance.
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