President Donald Trump’s Big Beautiful Bill has been a cause of great controversy since its introduction this month. It will soon become law, having passed a final vote in the House of Representatives, but its policies related to gambling taxes are causing consternation among the casino industry.
he has already heard from some of his high-volume clients that they will take their gambling offshore
Derek Stevens, the owner of The D, Golden Gate, Circa, and Circa Sports, shared his concerns with KTNV Las Vegas. He told the news source the bill could cause casino companies to take their business offshore to avoid taxes. He said he has already heard from some of his high-volume clients that they will take their gambling offshore.
The Big, Beautiful Bill will make it so that gamblers can only deduct 90% of their losses from their taxes, in contrast to the previous 100%.
It’s an inclusion that Nevada Congresswoman Dina Titus is currently fighting to remove from the legislation. She believes it will harm recreational gamblers and destroy the livelihoods of professionals, and is working on a “legislative fix” for the issue.
Stevens said he had spoken with politicians to see if they can return the 100% deduction total. “It should be a very simple fix, but I know everything gets a little more complicated sometimes than it ought to be,” he said. “This is good for all our states. This is good for gamblers.”
