Bipartisan Effort to Eliminate Outdated Sports Betting Tax Gains Momentum
In a persistent move to modernize sports betting regulations, bipartisan co-chairs of the Congressional Gaming Caucus, Democratic Representative Dina Titus of Nevada and Republican Representative Guy Reschenthaler of Pennsylvania, have reignited efforts to repeal a federal excise tax on sports wagers, citing its obsolescence and unfair advantage to illegal operators. Persistent legislative challenges: Introduced in 1951 to combat illegal gambling […]
In a persistent move to modernize sports betting regulations, bipartisan co-chairs of the Congressional Gaming Caucus, Democratic Representative Dina Titus of Nevada and Republican Representative Guy Reschenthaler of Pennsylvania, have reignited efforts to repeal a federal excise tax on sports wagers, citing its obsolescence and unfair advantage to illegal operators. Persistent legislative challenges: Introduced in 1951 to combat illegal gambling […]
