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The US federal excise tax has existed long before the repeal of PASPA, but it is a subject that is rarely discussed—until now.
Last week, federal lawmakers introduced the Gambling Addiction Recovery, Investment, and Treatment Act, or GRIT Act, which proposes using the money collected through the federal excise tax to support Responsible Gaming (RG) causes. However, the measure was not well-received by operators, as the American Gaming Association has come out against it.
Why would the industry oppose such a measure?
In the first half of today's episode of iGaming Daily, sponsored by Optimove, Jessica Welman, Editor at SBC Americas, is joined by SBC's Media Manager, Charlie Horner, to delve into the GRIT Act and what this means for operators.
In the second half of today's podcast, Jessica Welman is joined by Alex Kane, CEO and Founder of Sporttrade, to discuss the impact of the federal excise tax on operators.
To read more on the topics discussed on Friday's episode of iGaming Daily, click on the following links:
https://sbcamericas.com/2024/01/11/lawmakers-introduce-problem-gambling/
https://sbcamericas.com/2024/01/12/aga-opposes-grits-act-gambling-bill/
https://sbcamericas.com/2023/03/19/2023-federal-sports-betting-excise-bill/
https://youtu.be/bKDTigl_sgM
Follow Alex on Twitter:
https://twitter.com/a_kane47
Host: Jessica Welman
Guests: Charlie Horner, Alex Kane
Producer: Anaya McDonald
Editor: James Ross
Guests: Charlie Horner, Alex Kane
Producer: Anaya McDonald
Editor: James Ross
Remember, if you are attending the ICE London on 6-8 February 2024 at ExCeL London, make sure you head over to Optimove's stand and mention that you listened to the iGaming Daily podcast to receive an Amazon gift voucher.
Check out our partners at Optimove: https://hubs.la/Q02gLC5L0
Creators and Guests
What is iGaming Daily?
A daily podcast delving into the biggest stories of the day throughout the sports betting and igaming sector.