Two U.S. representatives are advocating for the elimination of the federal wagering tax on legal sports betting. The bill, known as the “Discriminatory Gaming Tax Repeal Act of 2025,” aims to remove the 0.25% tax on betting turnover. Critics argue that this tax benefits illegal operators and provides no clear advantage to the government. The bill is currently under discussion in Congress.
Background of the Wagering Tax
The wagering tax was introduced in 1951 to curb illegal gambling. It imposes a 0.25% levy on all legal sports bets in the U.S. However, illegal betting operators do not pay this tax, giving them a financial advantage over licensed providers.
Initiators of the Bill
Representatives Dina Titus (Nevada) and Guy Reschenthaler (Pennsylvania) are leading the initiative to abolish the tax. Both serve as co-chairs of the bipartisan Congressional Gaming Caucus. Titus strongly criticizes the tax, emphasizing that it disadvantages legal operators while benefiting illegal platforms. She also questioned whether the revenue generated from this tax is being used effectively.
Economic Impact
Reschenthaler highlights the significance of the gaming industry for the economy. The industry generates over $70 billion in state and local tax revenues and creates more than one million jobs in the U.S. In Pennsylvania alone, it accounts for approximately 33,000 jobs. He argues that outdated tax regulations burden legal operators and encourage illegal activities.
Supporters of the bill believe that eliminating the tax would strengthen the legal gambling industry and reduce illegal betting operations. The bill is currently being discussed in the U.S. Congress. Whether it will be passed remains to be seen.
Our Assessment
Abolishing the federal wagering tax could relieve licensed operators and create fairer competition with illegal platforms. Currently, illegal operators benefit from not having to pay any levies. If the bill is passed, it could enhance the appeal of legal sports betting and stabilize the market in the long run. We will continue to monitor developments.
10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino
In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.
Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
How did we rate this casino
Bets.io stands out as one of our top-rated crypto casinos. It combines everything you love about Dama casinos — like a stellar game selection and rock-solid reliability — with a refreshing twist: no frustrating KYC processes and no outdated payment methods.
You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
You must select the desired bonus during the deposit process.
There is a maximum withdrawal limit of $10 from winnings derived from free spins.
How did we rate this casino
BC.Game has become the leading crypto casino, outshining other major competitors. The rewards, proprietary stablecoin, welcome bonus, and game selection all stand out. And our review of BC.Game left us pleasantly surprised.
I have enjoyed following the international iGaming industry since my first encounter at the age of 23. Fascinated by its diversity and complexity, I was hooked and have never left the industry since. Here at KC, I am a proud member of the founding team as well as the content team. We use everyone's knowledge to find every possible flaw in a casino so you can relax and play.
Last update: February 20, 2025
Advertising transparency
We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.
Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.
We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.
Why trust us?
We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.
🍪
We use cookies. By using this site, you accept them.