Rep. Dina Titus asks Committee Chair for expedited hearing on FAIR BET Act

(PRESS RELEASE) -- Congresswoman Dina Titus today sent a letter to the Chairman of the House Ways and Means Committee asking him to expedite a hearing for the Fair Accounting for Income from Betting Earnings and Taxation (FAIR BET) Act to fully restore the 100% income tax deduction for gambling losses.

The Senate version of the One Big Beautiful Bill Act passed in July reduced the amount of gambling losses gamblers could deduct from their taxes from 100 percent to 90%, in effect taxing gamblers on money they did not win.

“While the change may appear minor, it will have significant and harmful consequences,” Rep. Titus said in her letter to Rep. Jason Smith, Chairman of the House Way and Means Committee, and Rep. Richard Neal, the Democratic Ranking Member of the Committee. “It unfairly burdens professional gamblers and casual players alike and will inevitably drive players toward offshore and unregulated markets where consumer protections are non-existent, thereby undermining responsible gaming efforts nationwide.”

Rep. Titus asked Chairman Smith to consider the FAIR BET Act at its next committee meeting. “I hope that you will work with me to move this legislation expeditiously during the 119th Congress,” she said.

Rep. Titus introduced the FAIR BET Act on 7 July as the first piece of legislation to repeal the reduction in gambling loss deductions. Since then, it has attracted strong and bipartisan support from 21 co-sponsors and backing from the American Gaming Association, MGM, Draft Kings, FanDuel, Caesars, Wynn, the Nevada Resort Association, and the National Thoroughbred Racing Association. In addition, there has been an outpouring of support for the legislation by gamblers on social media.