Rep. Titus Applauds Inclusion of Gambling Loss Deduction in Tax Package

• Rep. Dina Titus (D-NV) recently reported her gambling loss tax deduction plan has been included in a tax package
• The Ways and Means Committee will consider several tax packages this week
• Titus has explored several solutions to allow professional gamblers and sports bettors to deduct 100% of losses from taxes

Rep. Dina Titus (D-NV) reported her gambling loss tax deduction plan will be included in a tax package the House Ways and Means Committee will consider for approval this week.

Titus applauded its inclusion on her X account Tuesday night, noting she was “very pleased” to see her deduction fix be included in one of the tax packages to be evaluation by the committee.

“Very pleased to see that my gambling loss tax deduction fix has finally been included in a tax package. I encourage my colleagues to push it through @WaysandMeansGOP this week as quickly as possible.”

Standalone Bills Failed

Titus has attempted to restore the provision that allows professional gamblers and sports bettors to deduct 100% of their losses from their taxes for the last year through her own standalone bill, but has experienced little success in doing so.

Titus initially introduced the Fair Accounting for Income Realized from Betting Earnings Taxation Act (FAIR BET) as a standalone bill in July 2025 after President Donald Trump’s (R) One Big Beautiful Act (OBBA) was signed into law. Included in President Trump’s massive piece of legislation was a change to the Internal Revenue Code that only allows professional gamblers to deduct 90% of their losses in a year, down from 100%.

Under the OBBA, if a professional gambler wins $1,000,000 in a single year, but also loses $1,000,000, they will only be able to deduct $900,000 in losses from their taxes. This means they will have to pay taxes on the $100,000 they cannot deduct, as if they had won the money.

Titus’s bill attempted to restore the provision that allows professional gamblers and sports bettors to deduct 100% of their losses from their taxes.

The standalone piece of legislation struggled to gain traction. Titus attempted to include the legislation in the 2026 National Defense Authorization Act (NDAA), a common practice for politicians to ensure their own laws are passed, but failed to do so.

New Life in Ways and Means?

The House Ways and Means Committee this week will consider a tax package that includes Titus’s tax deduction for gamblers.

The committee this week will consider the Digital Asset Tax Certainty Act, which includes a plan to restore Sen. Catherine Cortez Masto‘s (D-Nevada) Facilitating Unbiased Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act.

The FULL House Act, similar to the FAIR Bet Act, allows a professional gambler’s ability to deduct 100% of gambling losses – as long as it does not eclipse their winnings – on their federal tax returns.