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HB25-1311

Deductions for Net Sports Betting Proceeds

Concerning the deduction for free bets allowed for the purpose of calculating net sports betting proceeds, and, in connection therewith, making an appropriation.
Session:
2025 Regular Session
Subject:
Gaming, Lottery, & Racing
Bill Summary

As approved by voters in 2019, a tax of 10% is imposed on net sports betting proceeds. Under current law, for the purpose of calculating its net sports betting proceeds, a sports betting operator or internet sports betting operator is allowed to deduct all payments to players, all federal excise taxes paid, and a certain percentage of free bets placed by players. Beginning on September 1, 2025, the bill removes the deduction for all free bets placed.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. J. McCluskie, Rep. M. Soper
Sen. D. Roberts

Sponsor

Co-sponsor

Rep. J. Bacon, Rep. A. Boesenecker, Rep. C. Clifford, Rep. M. Duran, Rep. S. Woodrow, Rep. Y. Zokaie

Upcoming Schedule

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