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Dina Titus seeks House vote to restore full gambling-loss deductions

Regulation

Nevada Representative Dina Titus filed a discharge petition to bring her FAIR BET Act to a House vote, seeking to reverse a tax rule that limits gambling-loss deductions to 90% of losses. The petition had gained no additional signatures by 20 February and requires 218 signatures to advance; the American Gaming Association has warned the cap could steer gamblers towards unregulated offshore offerings.

The bill could change US gamblers' tax treatment and affect operators' competition with offshore platforms.

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Regulation

Dina Titus presses US tax committee for 100% gambling loss deduction

Reportedly, US Representative Dina Titus is urging the House tax committee to take up her FAIR BET legislation. The proposal would raise the federal deduction for gambling losses from 90% to 100%, but neither it nor a similar Senate bill has reached a floor vote.

US Representative Dina Titus, a Nevada Democrat, is continuing to press the House Ways and Means Committee to advance her FAIR BET Act, which would restore the federal deduction for gambling losses to 100%, according to a report. Neither the FAIR BET Act nor a similar Senate bill has been put to a floor vote more than a year after their introduction.

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