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OPINION – Bettors Won’t Notice If the Federal Excise Tax on Sports Betting Disappears

OPINION – Bettors Won’t Notice If the Federal Excise Tax on Sports Betting Disappears

by Michael Molter | Feb 19, 2025 11:03 am | Legal

Federal lawmakers have reintroduced the Discriminatory Gaming Tax Repeal Act of 2025, which focuse on taxing sportsbook operators. Representatives Dina Titus and Guy Reschenthaler believe the money owed by sportsbooks is giving offshore betting sites the edge. They...
Proposed Federal Sports Betting Regulations Face Industry Pushback

Proposed Federal Sports Betting Regulations Face Industry Pushback

by Michael Molter | Sep 16, 2024 12:07 pm | Legal

Two northeast lawmakers introduced the SAFE Bet Act – a measure to bring federal oversight to the US sports betting industry. Removing away from a federal approach in 2018 (the repeal of PASPA), this measure is unlikely to advance. It calls for stricter advertising...
NCAA Actively Investigating 17 Sports Betting Violations

NCAA Actively Investigating 17 Sports Betting Violations

by Zachary Kelley | Jul 13, 2023 11:54 am | Sports Betting

The NCAA reported 175 infractions to their sports betting policy, along with 17 active investigations for policy violations. NCAA President Charlie Baker told a Nevada Representative about the alarming numbers in a letter obtained by The Associated Press. LAS VEGAS –...
NV Tries To Lift Required Federal Excise Tax For Sports Betting

NV Tries To Lift Required Federal Excise Tax For Sports Betting

by Christina Monroe | Mar 26, 2021 10:52 am | Regulatory

Nevada congresswoman Dina Titus is looking to get rid of the required 0.25% excise tax on sports betting handle in the United States. The IRS collects millions of dollars from every state with a regulated sports wagering industry each year through this tax that was...

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