Gaming caucus to focus on tax policy issues on Capitol Hill

Gaming caucus to focus on tax policy issues on Capitol Hill

Article brief provided by The Nevada Independent
  • Howard Stutz, The Nevada Independent
February 15, 2023 4:15 PM
  • Howard Stutz, The Nevada Independent

The Congressional Gaming Caucus was re-established this week with an agenda that sounds familiar.

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Rep. Dina Titus (D-NV) and Rep. Guy Reschenthaler (R-PA) will again co-chair the group that focuses on policy for the nation’s legal gaming industry.

Once again, the caucus’s sights are set on two issues concerning tax policy: Increasing the tax reporting threshold on slot machine jackpots from $1,200 to $5,000 and eliminating the 70-year-old federal excise tax on all sports wagers.

In a statement, Titus said the growth of legalized sports betting, now in 33 states, and the continued expansion of the casino industry’s presence requires the elimination of certain antiquated tax policies.

“I look forward to working with Rep. Reschenthaler and our colleagues in a bipartisan way to help well-regulated gaming markets flourish and incentivize economic development,” Titus said.

Titus’ district includes the Strip while Reschenthaler’s district south of Pittsburgh includes several casinos.

Titus said the caucus will also advocate for policies that crack down on illegal gaming operators and promote responsible and safe gaming.