S. 2773

119th CONGRESS 1st Session

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 · Sponsor: Ms. Cortez Masto · Committee: Committee on Finance

Table of contents

• S. 2773
  • SEC. 1. Short title
  • SEC. 2. Sports betting exempt from the excise tax on authorized wagers

SEC. 1. Short title

• This Act may be cited as the or the .

SEC. 2. Sports betting exempt from the excise tax on authorized wagers

• Sports betting exempt from the excise tax on authorized wagers
• (a) In general
  • of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: Section 4402
    • (4) Sports betting not prohibited under State law or Tribal compact
      • On any wager which—
        • 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 (), and 25 U.S.C. 2701 et seq.
        • 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.