Bill aims to repeal federal sports betting excise tax

Bill aims to repeal federal sports betting excise tax

The bill’s sponsors say the WAGER Act will “protect legal sportsbooks and gaming businesses.”

Senators Push To Eliminate Federal Sports Betting Excise Tax

Senators Catherine Cortez Masto and Cindy Hyde-Smith reintroduced legislation to repeal the federal excise tax, calling it outdated. The renewed push comes as Nevada sportsbooks continue to pay millions and follows the recent failure of Rep. Dina Titus’ FAIR Bet Act. WASHINGTON — A bipartisan pair of U.S. senators is once again trying to eliminate a decades-old federal tax on legal sports wagers. Senators Catherine Cortez Masto (D-Nev.) and Cind…