Sen. Celina Villanueva
Filed: 5/26/2024
 
 
 




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1
AMENDMENT TO HOUSE BILL 4951


2 AMENDMENT NO. ______. Amend House Bill 4951, AS AMENDED, 
3with reference to page and line numbers of Senate Amendment 
4No. 2, on page 1078, line 15, by replacing "tax imposed under 
5subsection (a)" with "tax imposed under subsection (a), (d), 
6or (d-5)"; and

7by replacing everything from line 24 on page 1079 through line 
820 on page 1080 with the following:
9 "(d) Beginning on July 1, 2024, and for each 12-month 
10period thereafter, for the privilege of holding a license to 
11operate sports wagering under this Act, this State shall 
12impose a privilege tax on the master sports licensee's 
13adjusted gross sports wagering receipts from sports wagering 
14over the Internet or through a mobile application based on the 
15following rates:
16  20% of annual adjusted gross sports wagering receipts 
17 up to and including $30,000,000.
 
 
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1  25% of annual adjusted gross sports wagering receipts 
2 in excess of $30,000,000 but not exceeding $50,000,000.
3  30% of annual adjusted gross sports wagering receipts 
4 in excess of $50,000,000 but not exceeding $100,000,000.
5  35% of annual adjusted gross sports wagering receipts 
6 in excess of $100,000,000 but not exceeding $200,000,000.
7  40% of annual adjusted gross sports wagering receipts 
8 in excess of $200,000,000. 
9 (d-5) Beginning on July 1, 2024, and for each 12-month 
10period thereafter, for the privilege of holding a license to 
11operate sports wagering under this Act, this State shall 
12impose a privilege tax on the master sports licensee's 
13adjusted gross sports wagering receipts from sports wagering 
14from other than over the Internet or through a mobile 
15application based on the following rates: 
16  20% of annual adjusted gross sports wagering receipts 
17 up to and including $30,000,000.
18  25% of annual adjusted gross sports wagering receipts 
19 in excess of $30,000,000 but not exceeding $50,000,000.
20  30% of annual adjusted gross sports wagering receipts 
21 in excess of $50,000,000 but not exceeding $100,000,000.
22  35% of annual adjusted gross sports wagering receipts 
23 in excess of $100,000,000 but not exceeding $200,000,000.
24  40% of annual adjusted gross sports wagering receipts 
25 in excess of $200,000,000. 
26 (d-10) The accrual method of accounting shall be used for 
 
 
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1purposes of calculating the amount of the tax owed by the 
2licensee. 
3 (d-15) The taxes levied and collected pursuant to 
4subsections (d) and (d-5) are due and payable to the Board no 
5later than the last day of the month following the calendar 
6month in which the adjusted gross sports wagering receipts 
7were received and the tax obligation was accrued."; and