US senators reintroduce WAGER Act to remove federal betting taxes
US senators Catherine Cortez Masto and Cindy Hyde-Smith reintroduced the WAGER Act last week, proposing to repeal the 0.25% federal excise tax on legal wagers and the annual $50-per-employee tax. The bill failed to pass in the previous congressional session; the senators said the change would support legal betting businesses and local economies.
If enacted, the proposal would change federal tax costs for legal betting operators and their employees.