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US lawmakers propose directing a third of gambling taxes to addiction services

Regulation

US Representatives Erin Houchin, Mariannette Miller-Meeks, Andrea Salinas and Troy Carter reportedly introduced the POINTS Act. The proposal would direct one-third of gambling tax revenue to prevention, treatment and recovery services, with support for screening, outpatient and telehealth care, and peer recovery programmes.

If enacted, the bill would redirect a share of gambling tax revenue to prevention and treatment services.

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Regulation

New Jersey senators propose permits and taxes for prediction markets

New Jersey senators Nicholas Scutari and Paul Sarlo introduced a bill to regulate prediction markets and require operators to obtain state permits. The proposal would add a 10% tax surcharge to prediction-market trades, including sports-related contracts, and set a $5 million initial licensing fee for firms offering sports contracts; it has been referred to the Senate Budget and Appropriations Committee.

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