US Senators Introduce WAGER Act to Eliminate Sports Betting Excise Taxes
U.S. Senators Catherine Cortez Masto (D-Nev.) and Cindy Hyde-Smith (R-Miss.) have recently introduced the Withdrawing Arduous Gaming Excise Rates (WAGER) Act, a pivotal piece of bipartisan legislation designed to modernize the taxation of the sports betting industry. This act seeks to exempt legal sportsbooks from the longstanding “handle” and “head” taxes that have burdened the industry. The […]
U.S. Senators Catherine Cortez Masto (D-Nev.) and Cindy Hyde-Smith (R-Miss.) have recently introduced the Withdrawing Arduous Gaming Excise Rates (WAGER) Act, a pivotal piece of bipartisan legislation designed to modernize the taxation of the sports betting industry. This act seeks to exempt legal sportsbooks from the longstanding “handle” and “head” taxes that have burdened the industry. The […]
