Nevada’s legislator Dina Titus Targets Gambling Rollback in High-Profile Legislative Package
Monday 07 de July 2025 / 12:00
2 minutos de lectura
(Nevada).- Democratic Congresswoman Dina Titus of Nevada announced plans Friday to propose legislation that would amend a gambling-related tax provision in President Trump's budget.
Democratic Nevada Rep. Dina Titus said Friday she plans to introduce a bill to fix a provision in President Donald Trump’s budget that affects gambling tax deductions. Part of the so-called “Big Beautiful Bill,” which the president signed into law Friday, changes how much bettors can deduct in losses from their taxes. As written, the new tax code will allow betters to deduct 90% of their loses against 100% of their gains. Previous law called for a 100-to-100 deduction.
“On Monday I’m introducing the FAIR BET Act, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, to permanently restore the 100% loss deduction from gambling winnings,” Titus posted on X. “I welcome all other members to join this common sense fix.”
Speaking on 8 News Now’s sister cable network NewsNation, Titus said the move in the Big Beautiful Bill Act pushes gaming toward the black market.
“The black market doesn’t pay taxes, isn’t regulated, doesn’t help with problem gaming, so it’s bad for the industry as well as for the player,” Titus said.
Derek Stevens, the owner of the Las Vegas casino Circa, thanked Titus after her announcement, adding Congress should also raise the threshold for slot winnings. Winnings under $1,200 are not taxed. Nevadans in Congress have previously tried to raise that amount.
In a statement before the bill’s passage, representatives with the American Gaming Association said they “will work closely with Congress in the coming months to address the changes to wagering deduction losses and further modernize the tax code.”
Categoría:Legislation
Tags: Sin tags
País: United States
Región: North America
Event
GAT Expo CDMX 2025
28 de August 2025
GAT Expo Mexico 2025 closes with an international agreement and the creation of FIJA Federation
(Mexico City, SoloAzar Exclusive).- The 2025 edition of GAT Expo Mexico culminated with a historic announcement: the creation of the International Federation of Games of Chance (FIJA), the result of an agreement between GAT Events and the main regulators in Latin America. This milestone marks a new chapter of regional cooperation in the gaming industry.
Friday 29 Aug 2025 / 12:00
A Latin American Gaming Network is born: GAT Expo CDMX seals historic alliance between associations
(Mexico City, SoloAzar Exclusive).- As part of GAT Expo CDMX 2025, a groundbreaking agreement was reached among LATAM gaming associations, announcing the creation of a new platform where they can share information and build common visions for the industry.
Thursday 28 Aug 2025 / 12:00
GAT Expo CDMX 2025 marks a milestone: strategic alliances, innovation, and regional vision for the future of gaming in Latam
(Mexico City, SoloAzar Exclusive).- With more than 390 attendees, an impeccable production and a top level agenda, GAT Expo CDMX 2025 got off to a strong start at Expo Santa Fe. The first day not only brought memorable conferences and key debates on the future of gaming in Mexico, but also an announcement that could transform the regional regulatory panorama: a collaboration agreement between GAT and the Iberoamerican Board of Regulators. And it is just the beginning.
Thursday 28 Aug 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.