The WAGER Act would exempt sports bets from the federal excise tax on authorized wagers if the bet is allowed by the state where it is placed or by an approved Tribal-State gaming compact. The exemption would apply to bets placed after the Act is enacted.
If enacted, the federal excise tax would not apply to qualifying sports bets. The bill does not describe changes to state or tribal betting rules or personal tax obligations.
The bill does not provide cost estimates or spending details. It would change the federal tax treatment of qualifying sports bets.
No publicly available information.
No publicly available information.