- IRS memo says daily fantasy sport (DFS) is form of gambling subject to federal excise tax
- State definitions of DFS as skill games not relevant to federal taxation
- Federal tax could be 2 percent of handle in states where DFS not explicitly permitted
A U.S. Internal Revenue Service (IRS) memorandum has said that daily fantasy sports (DFS) are subject to the same federal excise tax as sports betting, and perhaps even a higher amount in states where DFS are not explicitly permitted.
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