Lawmakers Target “Outdated” Excise Tax That Favors Illegal Operators Congressional Gaming Caucus leaders have launched a renewed effort to abolish the federal excise tax on sports wagers, arguing that the seven-decade-old levy hampers legitimate businesses while giving illegal bookmakers an unfair advantage. Representatives Dina Titus (D-Nevada) and Guy Reschenthaler (R-Pennsylvania) recently introduced the Discriminatory Gaming […]
Sports Betting Tax
Illinois Senate Approves Progressive Tax Structure for Sports Betting
The Illinois Senate has voted in favor of a new bill that restructures the tax system for sports betting operators within the state. Passed with a vote of 37-22, the bill, known as HB 4951, introduces a progressive tax scale based on the adjusted gross revenue (AGR) of sports betting companies. This significant shift in […]
