Bill that would have given pro leagues royalty fees has been revised
November 29, 2018 9:39 AM
by Dave Dye
The City Council in Washington D.C. reversed field on the possibility of paying sports leagues a royalty fee from revenue generated by sports betting.
A bill that would have given professional leagues a cut of 0.25 percent on gross sports betting revenues has been revised after the council unanimously agreed to eliminate the royalty amendment.
Vince Gray, a councilmember, was adamant about making the change.
“I don’t understand why we have to invest another 0.25 percent of the revenue when it’s not done anywhere else in in the U.S.,” Gray said, according to iGaming Business. “I believe these sports leagues do very well and they don’t need another 0.25 percent of revenue that could instead go towards supporting valuable programs in D.C.
The council is expected to vote on the bill in mid-December.