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US SB2773
Bill
Status
9/11/2025
Primary Sponsor
Catherine Cortez Masto
Click for details
AI Summary
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Exempts sports betting from the federal excise tax on authorized wagers by amending Section 4402 of the Internal Revenue Code of 1986
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Applies only to wagers that are legal under state law or conducted under an approved Tribal-State gaming compact in accordance with the Indian Gaming Regulatory Act (25 U.S.C. 2701 et seq.)
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Covers wagers placed on any sporting event that meet the state or tribal legality requirements
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Takes effect for all wagers placed after the date of enactment
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Introduced September 11, 2025 by Senators Cortez Masto (D-NV) and Hyde-Smith (R-MS) with bipartisan sponsorship
Legislative Description
WAGER Act Withdrawing Arduous Gaming Excise Rates Act
Taxation
Last Action
Read twice and referred to the Committee on Finance.
9/11/2025