WAGER Act

This bill would change the federal tax code so that the federal excise tax on authorized wagers no longer applies to bets placed on sporting events. The exemption covers sports bets that are not prohibited under the law of the state where the bet is accepted, or under an approved Tribal-State gaming compact made under the Indian Gaming Regulatory Act. The change would apply to wagers placed after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Catherine Cortez Masto Democrat sponsor
• 1 cosponsors