Keyword: pari-mutuel withholding tax

  • Tax rules had a significant impact on handle at this year's Breeders' Cup World Championships at Del Mar

    November U.S. Handle Up 6.39% Due to New Tax Rules

    New tax rules regarding withholding and the reporting of pari-mutuel wagers have driven total U.S. wagering above $890.8 million for November. The average handle per race day is up 9.7% for the month compared with a year ago, according to Equibase.

  • NTRA commissioner Tim Smith.

    House Bill Calls for Elimination of Withholding Tax

    A provision to eliminate the 30% withholding tax on foreigners who wager on pari-mutuel racing in the United States is part of a broad military tax-break bill scheduled to be addressed March 6 by the U.S. House of Representatives.