The US House Rules Committee has declined to advance Nevada Representative Dina Titus’ Fair Bet Act, which looks to restore the 100% gambling loss tax deduction modified as part of President Donald Trump’s One Big Beautiful Bill Act.
Following President Trump’s passing of the One Big Beautiful Bill Act in July 2025, bettors may only deduct up to 90% of their gambling losses from the prior year on federal tax returns, creating what some have described as a "phantom income” for those who break even.
Titus testified in front of congressional colleagues with the hopes of integrating the Fair Bet Act into the Consolidated Appropriations Act, which passed through the House of Representatives on January 22 and currently awaits approval from the Senate floor.
The Fair Bet Act would once again allow bettors to deduct 100% of gambling losses, but has failed to advance through required legislative committees on multiple occasions.
Titus stated she was “disappointed that the House Rules Committee has decided not to move forward with legislation to restore the full 100 percent deduction for gambling losses” following the Fair Bet Act’s denial.
“I led the charge to (restore the 100 percent deduction) with the Fair Bet Act I introduced last July after we discovered this tax on phantom winnings hidden in the OBBB,” Titus said.
“I also have said from the very beginning that it doesn’t matter how this unfairness is rectified — it just needs to be fixed. It’s about righting a fundamental wrong that affects every person who gambles.”
Titus, as well as fellow members of Nevada’s delegation, confirmed they would “continue pressing the issue” either through future spending bills or standalone legislation.
The Sports Betting Alliance filed a lawsuit against the City of Chicago on December 30 after officials passed a new budget plan that would impose a 10.25% tax on AGR for bets placed within city limits
