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Nevada lawmakers back bill restoring full gambling-loss tax deductions

Regulation

Four Nevada lawmakers backed a measure to restore the ability to deduct 100% of gambling losses against winnings for federal tax purposes, according to a media report. The proposal would reverse the 90% cap set by the One Big Beautiful Bill Act; the report said gambling-related donors had contributed to all four lawmakers since 2020.

The proposal could change the federal tax treatment of gambling losses for casino customers and operators.

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Story date12 December 202512 March 2026

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Regulation

Nevada lawmakers back full deduction for gambling losses

Four Nevada members of Congress support legislation that would restore a 100% tax deduction for gambling losses, reversing a provision that capped the deduction at 90%. A review of campaign-finance filings cited in the report found that the lawmakers received gambling-industry contributions, while the American Gaming Association has also opposed the 90% limit.

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