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U.S. Rep. Dina Titus is pressing House Republican leaders to restore full gambling loss deductions during Congress’ lame-duck session.
The Nevada congresswoman sent a letter to House Speaker Mike Johnson and Majority Leader Steve Scalise, according to KSNV. She asked them to include FAIR BET Act language in must-pass legislation.
How the 90% Gambling Loss Deduction Affects Bettors
The One Big Beautiful Bill reduced the gambling loss deduction from 100% to 90%.
That change can leave bettors with taxable gambling income even when their winnings and losses match. KSNV gives the example of someone with $100,000 in winnings and $100,000 in losses. Under the 90% rule, that person would have $10,000 in taxable gambling income. Under the previous policy, no tax would be owed on gambling income in that example.
Critics say the change could discourage professional gamblers and casual sports bettors from wagering in the United States. They warn it could push those players toward illegal or offshore markets.
Titus Seeks a Year-End Legislative Fix
Titus said the FAIR BET Act passed out of committee in September. She is now seeking House leadership’s action to bring the measure to the floor for a full vote.
Her letter framed the deduction fix as a source of stability for taxpayers and regulated gaming businesses.
“Enactment of this bipartisan provision would correct an unfair change in the tax code and provide needed certainty to taxpayers, businesses, and regulated gaming markets across the country,” Titus wrote.
She also urged leadership to attach the fix to end-of-year legislation:
“As Congress returns from recess and turns to end-of-year legislation, I respectfully urge Leadership to expeditiously bring a gambling loss deduction fix to the House floor and include it in a must-pass legislative vehicle.”
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Source: As reported by KSNV.
