Underdog Sports becomes first sportsbook operator to support federal GRIT Act

Underdog Sports becomes first sportsbook operator to support federal GRIT Act

Article brief provided by Sports Handle
  • Jeff Edelstein, Sports Handle
February 1, 2024 7:10 PM

Underdog Sports has become the first sports betting operator to come out in support of the federal GRIT Act, which would take half of the federal excise tax on sports betting and funnel it into problem and responsible gambling initiatives.

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“There is a need for dedicated federal resources to aid problem gambling prevention, research, and treatment. The GRIT Act would direct existing tax dollars paid by legal operators to be utilized to fill the current funding gap,” Adam Warrington, vice president of responsible gaming for Underdog Sports said in a statement to Sports Handle. “As there are currently no federal funds allocated for problem gambling, we at Underdog support directing existing tax dollars as online sports gaming and wagering grows in the United States.”