119 S2773 IS: Withdrawing Arduous Gaming Excise Rates Act U.S. Senate 2025-09-11 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS1st SessionS. 2773IN THE SENATE OF THE UNITED STATESSeptember 11, 2025Ms. Cortez Masto (for herself and Mrs. Hyde-Smith) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to exempt sports betting from the tax on authorized wagers.

1.

Short title

This Act may be cited as the Withdrawing Arduous Gaming Excise Rates Act or the WAGER Act.

2.

Sports betting exempt from the excise tax on authorized wagers

(a)

In general

Section 4402 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:(4)

Sports betting not prohibited under State law or Tribal compact

On any wager which—(A)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 (25 U.S.C. 2701 et seq.), and(B)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.