Each person who conducts any wagering pool or lottery shall be liable for and shall pay the tax under this subchapter on all wagers placed in such pool or lottery. Section 4401(c) provides that each person who is engaged in the business of accepting wagers shall be liable for and shall pay the tax under § 4401 on all wagers placed with him. Section 4401(a)(1) imposes on any wager authorized under the law of the state in which accepted an excise tax equal to 0.25 percent of the amount of such wager.
