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American Gaming Association backs bill restoring full gambling-loss deductions

Regulation

The American Gaming Association said it supports the FAIR BET Act, introduced by Representative Dina Titus to restore a 100% deduction for gambling losses. The association said the change to a 90% deduction takes effect in 2026 unless Congress reverses it; the provision was estimated to generate about $1.1 billion.

The proposed legislation would change the tax treatment of gambling losses for customers and the wider regulated gaming sector.

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Regulation

US lawmakers seek to restore full gambling loss deductions

Representative Dina Titus renewed efforts in Congress to reverse the US cap on deductible gambling losses during debate over HR 7148, according to the report. Her FAIR BET Act amendment would restore full deductions; separate legislation from Representatives Steven Horsford and Max Miller also seeks that change. The proposed amendment could still be removed during negotiations.

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