Gambling Tax Deduction Fix Moves Closer to House Vote
World Casino News
A House committee advanced a bill to restore the full 100% gambling loss deduction, moving it closer to a full House vote.Summary
The House Ways and Means Committee approved legislation that would reinstate the full 100% deduction for gambling losses, reversing a change made by the One Big Beautiful Bill in July 2025 that reduced the deduction to 90%. The bill, supported by Nevada lawmakers including Rep. Dina Titus and Rep. Steven Horsford, now heads to the full House, with supporters urging action before the new rules take effect on January 1, 2027. The measure, which passed committee 38-5, has backing from major gaming companies, trade associations, and racing interests. If approved by both chambers and signed by the president, it would prevent gamblers from being taxed on phantom income when they break even.
(Source：World Casino News)