Does online sports betting in Massachusetts need more regulation?

Online sports betting is off to a fast start in Massachusetts. It didn't become legal until early March. but in less than a month, Massachusetts residents placed and settled nearly $550 million in virtual wagers, compared to about $20 million at the state's three casinos. Industry operators made nearly $47 million on those online bets, leading to more than $9 million in tax revenue for the state.

Is the industry's quick start cause for celebration or concern? Talking Politics Host Adam Reilly is joined by state Sen. John Keenan, who believes sports betting still isn't regulated as tightly as it should be. He's introduced legislation that would make several promotional practices that are standard industry practice illegal in Massachusetts. Also weighing in: Holy Cross professor and gambling expert Victor Matheson, who agrees the industry deserves heightened scrutiny but also says online sports betting activity is likely to drop in the coming months. Sports betting revenue in Massachusetts might be less than you think, too.

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