Tag: UIGEA

Much to the delight of DraftKings and FanDuel, legislation to end daily fantasy sports prohibition is moving forward in Missouri, Iowa, and Tennessee. (Image: fox32chicago.com)

Some Say New DFS Tax Could Hurt Industry

A decision by the IRS to require daily fantasy sports operators to pay a federal excise tax on DFS contests is spurring debate over the future of the industry. DFS Subject to Same Excise Tax as Sports Bets An IRS memo says the DFS industry will face the same 0.25 […]