Search Results: keywords:"sports betting"

  • S. 5057 — To establish minimum Federal standards for sports betting, and for other purposes.
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    Status:Introduced in Senate
    Words:9,210

    S. 5057 aims to establish minimum federal standards for sports betting across the United States. It proposes a framework for state sports wagering programs, outlines consumer protections, and enhances measures to maintain the integrity of sports competitions. The bill also...

    Simple Explanation

    The bill is like a rulebook that sets basic rules for betting money on sports games across the U.S. It wants to make sure everyone plays fair, stays safe from money problems, and has the chance to stop betting if they want to.

  • S. 4872 — To amend the Internal Revenue Code of 1986 to exempt sports betting from the tax on authorized wagers.
    Status:Introduced in Senate
    Words:304

    S. 4872, also known as the "Withdrawing Arduous Gaming Excise Rates Act" or the "WAGER Act," seeks to change tax rules under the Internal Revenue Code of 1986. The bill proposes to exempt sports betting from the excise tax on authorized wagers if such betting is legally...

    Simple Explanation

    The WAGER Act wants to change the way taxes work for sports betting. It plans to stop charging extra taxes on bets made on sports games if the state or tribal laws say it's okay.

  • H. R. 9590 — To establish minimum Federal standards for sports betting, and for other purposes.
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    Status:Introduced in House
    Words:9,257

    H.R. 9590, also known as the SAFE Bet Act of 2024, aims to establish nationwide standards for sports betting in the United States. The bill allows states to create their own sports wagering programs if they meet federal criteria, including restrictions to ensure fair...

    Simple Explanation

    The SAFE Bet Act of 2024 is like a rulebook telling everyone how to play fair when placing bets on sports, making sure they follow the rules to protect people and keep everything safe, just like when you play a board game with family and need to follow the instructions so everyone has fun!