Moran opened the 115th Congress with a proposal that defines "chance” and includes special tax treatment for gaming operators, a group that may includeNevada sportsbooksand daily fantasy companies.
Introduced last January 3, the 132-page bill—titled "Fair Tax Act of 2017”—has special provisions for gaming "sponsors” and also defines "chance” as those that includes bets or wagers involving "(1) a random or unpredictable event or (2) an event over which neither the gaming sponsor nor the person purchasing the chance has control over the outcome.”
Moran’s bill, however, does not specify if the so-called "special tax treatment” will apply to daily fantasy sports operators or to Nevada sportsbooks. Traditional sports betting, meanwhile, involves skill, according to both the NFL and the U.S. Justice Department. However, Representative Frank Pallone has already announced a full review of the country’s federal sports gambling laws, with a goal of possibly introducing new legislation.
Back in October, the New Jersey congressman said federal gambling laws "need a wholesale review to see how they can actually work together and create a fairer playing field for all types of gambling, both online and offline, including sports betting and daily fantasy sports.”
Moran’s bill is still at a preliminary stage. No hearing or vote on the proposed legislation has been scheduled, according to the report.
Source: GMB / Calvinayre.com
