Democrat Congresswoman Rep. Dina Titus has urged Congress to leverage her Fair Accounting for Income Realized From Betting Earnings Taxation Act (FAIR BET Act) and rewind gambling tax regulations introduced by President Trump’s One Big Beautiful Bill Act (OBBBA), signed on July 4, 2025.
Specifically, the Nevada representative is aiming to repeal an OBBBA-imposed limit on the percentage of losses that players can offset against winnings in annual tax returns through her FAIR BET Act. Beginning in the new tax year, players may only deduct up to 90% of losses – down from the existing 100% cap.
FAIR BET Act earns cross-party support despite limited traction
Speaking on X (formerly known as Twitter), Rep. Titus encouraged the Ways and Means Committee to reintroduce the “commonsense” 100% tax deduction rule through her FAIR BET Act:
“Earlier this year the BS Budget Bill reduced the tax deduction for gambling losses to 90%.
“In response, I introduced the FAIR BET Act to restore the commonsense 100% tax deduction to protect professional and recreational gamblers. I was the first in Congress to introduce this fix and haven’t stopped garnering support from members and stakeholders since.”
Rep. Titus outlined that her proposal has achieved cross-party support, with nine Republican Senators backing the FAIR BET Act:
“In fact, the #FAIRBETAct has up to 21 bipartisan co-sponsors with @RepEzell (Rep. Mike Ezell) most recently joining!
“It is now critical for @WaysandMeansGOP to add this bill to the legislative calendar before the year ends. We must get this fixed.”
Despite notable Republican support, the FAIR Bet Act has yet to progress beyond the House Rules Committee. Its most recent movement was seen in September, when Titus was blocked from adding the motion to the National Defense Authorization Act (NDAA). At the time, Titus dubbed her bill “an easy fix that should have been adopted“.
And, having been shunned by the Ways and Means Committee, over the summer, Rep. Titus’ is now returning to the legislative government body in what could be a final attempt to overturn the 90% tax deduction restriction.
Will the FAIR BET Act succeed?
For the FAIR BET Act to pass via the Ways and Means Committee, it must be added to the body’s public calendar and debated before 2026. As things stand, no such action has been taken.
But the FAIR BET Act is not the only motion seeking to reverse the 90% gambling tax deduction limit. Earlier in the year, Senator Catherine Cortez Masto presented the Facilitating Useful Loss Limitations to Help Our Unique Service Economy Act (FULL HOUSE Act) – which also sought to bring down the OBBBA-enforced restriction.
Like the FAIR BET Act, Sen. Cortez Masto’s FULL HOUSE Act was read and considered by legislators. Yet, after making its way to the Senate Committee on Finance, Republicans struck down any chance of its passage.
Complaints from the professional gambling community – most notably poker players – have not moved the needle. Thus, both bills remain idle and will likely require significant public support to build momentum ahead of the 2026 implementation of President Trump’s 90% deduction limit on gambling losses.
