January 14, 2024

Federal | Harmful Gambling | Policy | Sports Betting

Nevada

The repeal of a small federal excise tax on sports wagers has been a goal of Rep. Dina Titus (D-NV) for nearly a decade.

So imagine her surprise when two Democratic colleagues announced legislation Thursday to not only keep the sports betting tax in place but to use half of the money raised by the levy to fund problem gambling treatment and research.

The legislation, authored by Rep. Andrea Salinas (D-OR) and Sen. Richard Blumenthal (D-CT), wants to use 50 percent of the money raised by what has become known as the “handle tax” to create a funding stream dedicated to prevention, treatment and research into gambling addiction.

However, Titus called the legislation “redundant,” saying on Friday that states that have legalized sports betting in the past five years “also fund responsible gaming resources to address problem gambling.”

The American Gaming Association, the industry’s Washington, D.C., trade organization, also opposed the legislation.

Read more at The Nevada Independent

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