- Dina Titus continues to advocate for the restoration of the playing deduction to 100%
- The One Massive Stunning Invoice trimmed the federal tax write-off to 90%
Nevada’s congressional delegation continues to advocate {that a} tax change included within the One Massive Stunning Invoice (OBBB) be amended to permit gamblers to deduct 100% of their losses towards their winnings on their federal tax returns.
US Rep. Dina Titus (D) poses with a cardboard Elvis on the late singer’s birthday, Jan. 6, 2026. Titus is spearheading a congressional effort to revive the playing loss deduction to 100%. (Picture: US Rep. Dina Titus)
The Home Guidelines Committee is at present reviewing Home Decision 7148. The Consolidated Appropriations Act is a spending bundle that gives funding for federal departments and businesses by means of September 2026.
On Wednesday, US Rep. Dina Titus (D-NV) submitted an modification to the invoice in search of to revive the playing deduction to 100%. The OBBB trimmed the write-off to 90%.
For many years, our tax code has allowed you to deduct 100% of any gaming losses out of your winnings. It was a commonsense coverage. Folks ought to solely pay tax on cash that they really earn, not phantom cash or ghost cash,” Titus testified earlier than the committee.
“When the One Massive Stunning Invoice went to the Senate, a provision was added at the hours of darkness of evening that altered this and altered it to 90%. Looks like a small quantity, however it has real-world penalties,” Titus continued.
Far-Reaching Implications
Titus instructed the committee that the tax change, until mounted, will damage not solely skilled gamblers but additionally informal gamblers and sports activities bettors. She believes the OBBB regulation will moreover drive some gamblers to offshore web sites that aren’t regulated.
With some type of authorized gaming in all however two states — Hawaii and Utah — Titus says the 90% playing loss deduction isn’t merely a Las Vegas drawback however has nationwide penalties.
“For those who assume gaming is Las Vegas, Atlantic Metropolis, or a couple of Indian reservations, you’re mistaken. It’s current in 48 states and the District of Columbia,” Titus defined.
Titus has been championing the struggle to revive the playing deduction. Final July, she launched the Honest Accounting for Earnings Realized from Betting Earnings Taxation Act. The FAIR Wager Act has bipartisan help, with 13 Democratic and 10 Republican cosponsors.
Titus’ modification submission to the Consolidated Appropriations Act is the second in search of to revive the playing deduction to 100%. Reps. Steven Horsford (D-NV), Susie Lee (D-NV), Max Miller (R-OH), and Jeff Van Drew (R-NJ) beforehand submitted an modification to the appropriations invoice to “be sure that playing losses will be deducted at 100% versus 90%.
Appropriations Invoice
HR7148 addresses funding for numerous federal packages. The invoice contains protection appropriations, funding for labor, well being, and human providers, and investments in transportation, housing, and concrete growth, together with monetary allocations for upgrades to aviation amenities.
As at present written, $100 million is put aside for President Donald Trump and Well being Secretary Robert F. Kennedy Jr.’s “Make America Wholesome Once more” marketing campaign. The invoice additionally contains $2.57 billion for HIV/AIDS packages and will increase psychological well being and substance abuse help by $10 billion. Greater than $2 billion is slated for rail infrastructure.