U.S. lawmakers reintroduce bill to eliminate federal sports betting handle tax
For the fourth time since the proliferation of sports wagering, Democratic Representative Dina Titus of Nevada and Republican Guy Reschenthaler of Pennsylvania, co-chairs of the bipartisan Congressional Gaming Caucus, introduced legislation Tuesday to repeal the 0.25% excise tax placed on all legal sports bets. Known as the “handle tax,” it was enacted in 1951 to counter illegal…