Sec. 201. Findings
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Congress makes the following findings: A Federal excise tax on sports wagering was established in 1951. Over time, the Federal excise tax has ranged from a high of 10 percent of total handle for State-authorized wagers to a low of 0.25 percent, at which level the Federal excise tax has remained since 1982. Revenue from the Federal excise tax— is estimated to be $12,000,000 annually and is expected to increase as legal sports wagering becomes more widely available; and on sports wagering should be dedicated to purposes relating to sports wagering, specifically to— the enforcement of Federal law relating to sports wagering; and programs for the prevention and treatment of gambling disorder.