Rep. Dina Titus Makes New Push to Restore Full Gambling Loss Deductions
Rep. Dina Titus is seeking a House vote on her FAIR BET Act to restore full deductions for gambling losses, reversing a 2025 tax law change.Summary
Representative Dina Titus of Nevada is making a renewed effort to restore full deductions for gambling losses, which were limited to 90% by a 2025 tax package signed by former President Trump. She has filed a discharge petition to force a vote on her FAIR BET Act, currently stalled in the House Ways and Means Committee. Titus argues the current cap is unfair, particularly for professional bettors and high-volume players, as it can create taxable income even when a gambler breaks even. The American Gaming Association is also lobbying for the change, warning that the cap could drive gamblers to unregulated offshore markets. While discharge petitions are rarely successful, requiring 218 signatures, Titus hopes to gain enough support to bring the issue to the House floor, especially given the potential impact on states like Nevada that rely heavily on gaming revenue.
(Source：Gamblingnews)