U.S. Rep. Dina Titus, D-Nevada, is co-sponsoring a bipartisan bill to repeal the so-called “handle tax” on legal sports betting.
Titus and Rep. Guy Reschenthaler, R-Pennsylvania, introduced the bill Friday to eliminate the 0.25% excise tax levied on sports bets at gaming establishments.
Businesses must also pay an annual $50-a-head tax on each employee working in sportsbooks.
Titus said that with sports betting rapidly expanding across the U.S. — now legal in 33 states and Washington D.C. — both of those provisions can discourage employment and encourage people to seek illegal operators who offer better odds.
“With the explosive growth of sports betting across the country, it’s time to finally repeal the handle tax which penalizes legal gaming operators and punishes sportsbooks for creating jobs,” the congresswoman said in a statement.