Bills · S 2773
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2773Taxation
WAGER Act
INTRO SEP 11· LAST ACTION SEP 11
READING
1MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it would remove a federal tax burden that currently applies to legal sports betting operations. This could make the legal sports betting industry more profitable, potentially leading to expansion, more jobs, and increased investment in this sector. For consumers, it could mean more competitive offerings from legal sportsbooks.
If this bill becomes law, the federal government would collect less revenue from the sports betting industry, while businesses involved in legal sports betting would see a decrease in operating costs. If it doesn't pass, the existing federal excise tax on authorized wagers, which includes sports bets, would continue to apply, maintaining the current tax structure for the industry.
KEY PROVISIONS
3AI-extractedPROVISION 01
Exempts sports betting from the existing federal excise tax on authorized wagers.
This directly reduces a specific federal tax burden for businesses offering legal sports betting.
PROVISION 02
The exemption only applies to sports bets that are already legal under state law or an approved Tribal-State gaming compact.
This ensures the tax break targets only legally sanctioned sports betting operations and does not affect illegal activities.
PROVISION 03
The new tax exemption will apply to all sports wagers placed after the date the bill becomes law.
This establishes a clear start date for when the federal excise tax will no longer be collected on eligible sports bets.
SPONSORSHIP
1 + 1
D· Nevada
YRS IN OFFICE
9
BILLS LED
122
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 1 IND 0
ACTION TIMELINE
2 EVENTSSEP 11
Introduced in Senate
SEP 11
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 2773
Congress119th
StatusIn Committee
IntroducedSep 11, 2025
Last actionSep 11, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED SEP 11, 2025
Senate BillS 2773Taxation
WAGER Act
INTRODUCED SEP 11, 2025· LAST ACTION SEP 11, 2025
PASSAGE CHANCES
—%
READING
1 min
COSPONSORS
1
COMPLEXITY
Moderate
