Congress Blocks Dina Titus’ FAIR Bet Act Stalling Gambling Tax Reform
Wednesday 10 de September 2025 / 12:00
⏱ 1 min read
(Nevada).- House Rules Committee rejects Nevada Congresswoman’s bid to restore full gambling loss deductions, leaving industry and players frustrated.
Congresswoman Dina Titus of Nevada has hit a major obstacle in her push to reform federal gambling tax rules. The House Rules Committee has decided not to advance her Fair Accounting for Income Realized from Betting Earnings Taxation (FAIR Bet) Act as an amendment to the National Defense Authorization Act (NDAA), delaying the bill’s progress.
The FAIR Bet Act seeks to undo a Trump-era change that reduced the allowable deduction for gambling losses from 100% to 90%. Starting in 2026, this would mean gamblers could face taxes on winnings even if their net result is zero — for instance, winning $50,000 but losing the same amount would still trigger taxation as if $5,000 were earned.
Titus, who represents Las Vegas, has called restoring the full deduction “a simple correction” and accused Republicans of blocking a fair fix for taxpayers. Despite the setback, the bill — which enjoys bipartisan support and backing from several lawmakers including House Ways and Means Committee Chair Jason Smith — remains under review.
Industry leaders, including the American Gaming Association, have warned that taxing so-called “phantom income” could push gamblers toward unregulated offshore markets, potentially hurting states reliant on casino revenue. The Joint Committee on Taxation estimates that keeping the cap could generate $1.1 billion in additional federal revenue over ten years.
This was Titus’ third attempt to move the legislation forward, using the NDAA — a $925 billion must-pass defense bill — as a vehicle. She has pledged to keep fighting, with expectations that the FAIR Bet Act will return to congressional discussions later this year.
Categoría:Legislation
Tags: Sin tags
País: United States
Región: North America
Event
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
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