Lawmakers Call For An End To Federal Sports Betting Excise Tax

Lawmakers Call For An End To Federal Sports Betting Excise Tax

With legal sports betting spreading across the country, a federal excise tax placed on legal sports wagers in the 1950s could be going by the wayside. The quarter-percent “handle tax” on legal sports wagers (and 2% on illegal wagers) was initially enacted “to facilitate the enforcement of state criminal laws against gambling.”

End of content

End of content