Reps. Reschenthaler, Titus Introduce Bipartisan Bill to Repeal Excise Tax on Legal Sports Bets
WASHINGTON, D.C. – Today Representatives Guy Reschenthaler (PA-14) and Dina Titus (NV-1), Co-Chairs of the Congressional Gaming Caucus, introduced bipartisan legislation to repeal the 0.25% excise tax placed on all legal sports bets, known as the "handle tax."
"I'm proud to join my Gaming Caucus Co-Chair Rep. Dina Titus to introduce this important legislation that will eliminate an outdated tax and burdensome requirements on the gaming industry," said Congressman Reschenthaler (PA-14). "At a time when so many employees in the industry are struggling, this bill ends the counterproductive practice of penalizing employers for creating jobs by eliminating a per employee tax. Gaming is a vital economic driver in Pennsylvania, supporting over 33,000 jobs, and this legislation will help pave the way for economic growth and job creation in my district and throughout the nation."
"Sports are back," said Congresswoman Titus (NV-1). "Unfortunately, the penalty on making legal sports bets never left. The handle tax makes it more difficult for legal gaming establishments to compete with illegal operators. Repealing it will push more consumers out of the black market and into a well-regulated market. Forcing sportsbooks to pay a per-employee tax is the last thing we need when gaming establishments are still making announcements about new rounds of layoffs and furloughs."
Certain types of sports betting, including betting on horse racing and sports betting operated by state lotteries, are already exempt from the handle tax. Businesses that pay the excise tax must also pay an annual $50 per-employee tax on those who work in sportsbooks.