No official summary available for this bill.
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2773 Introduced in Senate (IS)]
<DOC>
119th CONGRESS
1st Session
S. 2773
To amend the Internal Revenue Code of 1986 to exempt sports betting
from the tax on authorized wagers.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
September 11, 2025
Ms. Cortez Masto (for herself and Mrs. Hyde-Smith) introduced the
following bill; which was read twice and referred to the Committee on
Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to exempt sports betting
from the tax on authorized wagers.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Withdrawing Arduous Gaming Excise
Rates Act'' or the ``WAGER Act''.
SEC. 2. SPORTS BETTING EXEMPT FROM THE EXCISE TAX ON AUTHORIZED WAGERS.
(a) In General.--Section 4402 of the Internal Revenue Code of 1986
is amended by adding at the end the following new paragraph:
``(4) Sports betting not prohibited under state law or
tribal compact.--On any wager which--
``(A) is not prohibited under--
``(i) the law of the State in which
accepted, or
``(ii) an approved Tribal-State gaming
compact executed in accordance with the Indian
Gaming Regulatory Act (25 U.S.C. 2701 et seq.),
and
``(B) is placed with respect to any sporting
event.''.
(b) Effective Date.--The amendment made by this section shall apply
to wagers placed after the date of the enactment of this Act.
<all>
Introduced in Senate
Read twice and referred to the Committee on Finance.
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