Titus honors pledge
US Rep. Dina Titus has backed up her pledge to fight a component of proposed federal tax law changes opposed by gamblers. It would leave gamblers only able to deduct 90% of their losses from their taxes.
would “rightfully restore the full deduction for losses”
Titus (D-Nevada) on Monday launched the Fair Accounting for Income Realized from Betting Earnings Taxation bill, stating it would “rightfully restore the full deduction for losses so gamblers don’t pay taxes on money they haven’t won.”
The US Congresswoman took to X to announce the Fair Bet Act, calling it a “critical fix:”
The new bill has already won bipartisan and gambling industry trade body support.
Titus later returned to the social media platform to state US Rep. Troy E. Nehls (R-Texas) had signed onto Fair Bet. Also on Monday, the American Gaming Association (AGA) announced its support of the Congresswoman’s bill.
Fair Bet would restore the provision that permits professional gamblers to deduct 100% of their losses from their taxes.
Titus fights BBB
Titus, whose district includes the Las Vegas Strip, has been fighting the controversial new tax laws included in President Donald Trump’s proposed “Big Beautiful Bill” from the outset.
harms poker players and those who gamble”
Earlier this month, Titus stated that it “harms poker players and those who gamble,” pledging to come up with a legal fix.
On Monday, Titus, who also co-chairs the Congressional Gaming Caucus, issued a Fair Bet statement on her official website. She stated the “common-sense” legislation “will bring fairness back to gaming taxation, making sure that gamblers can fully deduct losses when they report their winnings.”
Unless the BBB’s gambling provision is reversed by Congress it will go into effect 2026. Titus warned the new taxes “will only push people to not report their winnings and to use unregulated platforms.”
“We should be encouraging players to properly report their winnings and wager using legal operators,” she added.
Support grows
Important support for Fair Bet has come from the AGA, which applauded Titus’ bill.
It appears somewhat of a U-turn for the gambling body, given that last week it welcomed Trump’s bill. At the time, Las Vegas-based news source Las Vegas Locally claimed the AGA had “stabbed every American gambler in the back” by publicly supporting the bill on X, including specific mention of its tax policies.
However, the gambling industry trade body issued a statement Monday expressing its commitment to working with Titus, other heads of congress “and the Trump Administration to restore the long-standing tax treatment of gaming losses.”
