Navigating the Maze: The Federal Excise Tax on US Sports Betting
In the dynamic landscape of US sports betting, operators navigate a complex web of taxes and license fees—a reality that has evolved significantly since the Supreme Court's landmark decision in 2018 to repeal PASPA, paving the way for legal sports betting across the states. Today, we're diving deep into one of the more contentious aspects of this scenario: the federal excise tax on sports betting. Buckle up as we explore the intricacies of this tax, its impact on the industry, and the legislative efforts surrounding it.