Bay State regulators have encountered some early pushback as they have begun digging into the state’s spending requirements for sports betting sites at horse-racing tracks and simulcast-wagering facilities.
The Massachusetts sports betting law requires a so-called Category 2 licensee — racetracks or simulcast locations — to make a capital investment of $7.5 million or more within three years of getting their permit. A Category 2 license allows a track or OTB to open a retail sportsbook and to offer mobile wagering through an online sportsbook.
Only two entities are currently eligible to apply for Category 2 licenses in Massachusetts: Raynham Park and Suffolk Downs. Raynham Park has announced a partnership with Caesars Sportsbook for in-person wagering, while Suffolk Downs has several horse-racing partnerships, including with FanDuel.
