arrow_back Back to App

Exempting sports betting from federal excise tax

This act aims to remove the federal excise tax on sports betting, potentially leading to lower costs for betting operators and possibly better odds for bettors. This change applies only to legal wagers, compliant with state or tribal law.
Key points
Eliminates federal excise tax on legal sports betting.
Could result in lower costs for sports betting businesses and potentially better returns for bettors.
Applies to wagers placed after the act becomes law.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2773
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2025-09-11
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

WAGER Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2773.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-09-11.

What are the main provisions?

Key points include:

  • Eliminates federal excise tax on legal sports betting.
  • Could result in lower costs for sports betting businesses and potentially better returns for bettors.
  • Applies to wagers placed after the act becomes law.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cortez Masto, Catherine [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Economy