{"id":9788,"date":"2025-09-10T23:59:15","date_gmt":"2025-09-10T23:59:15","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/09\/10\/fair-bet-act-stalls-but-support-for-gambling-deduction-remains\/"},"modified":"2025-09-10T23:59:15","modified_gmt":"2025-09-10T23:59:15","slug":"fair-bet-act-stalls-but-support-for-gambling-deduction-remains","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/09\/10\/fair-bet-act-stalls-but-support-for-gambling-deduction-remains\/","title":{"rendered":"FAIR BET Act Stalls but Support for Gambling Deduction Remains"},"content":{"rendered":"<div>\n<p>A push to restore the full gambling loss deduction faced a setback this week. The House Rules Committee declined to attach the FAIR BET Act to the must-pass National Defense Authorization Act (NDAA), leaving the proposal in limbo.<\/p>\n<hr>\n<p><strong><em>Good to know<\/em><\/strong><\/p>\n<ul>\n<li><strong><em>The FAIR BET Act aims to reinstate the 100% gambling loss deduction.<\/em><\/strong><\/li>\n<li><strong><em>Current law, passed in July\u2019s OBBA bill, reduced the deduction to 90%.<\/em><\/strong><\/li>\n<li><strong><em>The policy change could raise $1.1 billion in tax revenue over 10 years.<\/em><\/strong><\/li>\n<\/ul>\n<hr>\n<p>Nevada Rep. Dina Titus, who sponsored the FAIR BET Act, voiced her frustration after the exclusion. With thousands of amendments competing for space in the NDAA, she suggested politics played a role in the outcome. <em>\u201cIt may not have started as a political issue, but it looks like it\u2019s becoming one,\u201d<\/em> Titus said on social media.<\/p>\n<h2>How the Deduction Changed<\/h2>\n<p>The roots of the fight trace back to the One Big Beautiful Bill (OBBA), signed into law by President Trump in July. The sweeping legislation included a change that caught many by surprise: gamblers could now only deduct 90% of their losses instead of the full 100% they had been allowed for decades.<\/p>\n<p>That means bettors may end up paying taxes on winnings they never actually kept. For casino hubs like Las Vegas, already facing weaker tourism numbers due to economic uncertainty, the change adds another layer of difficulty. Titus quickly introduced the FAIR BET Act in response, aiming to restore the full deduction.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>Revenue vs. Relief<\/h2>\n<p>The Joint Committee on Taxation estimated the reduction could generate $1.1 billion over the next decade. While lawmakers see the revenue boost as useful for balancing tax breaks elsewhere, the cut has raised concerns across party lines. Many Republicans were just as surprised as Democrats when the change surfaced in the OBBA.<\/p>\n<p>Still, once a measure is in law, reversing it can be challenging. GOP leaders remain focused on protecting tax incentives tied to the administration\u2019s broader economic strategy.<\/p>\n<h2>Not Over Yet<\/h2>\n<p>Despite the setback, the FAIR BET Act remains alive. The bill sits with the House Ways and Means Committee, chaired by Rep. Jason Smith, who has expressed sympathy for restoring the deduction.<\/p>\n<p><em>\u201cFor those of you concerned about this change, members on both sides of the aisle have heard you and many members on both sides of the aisle are working to address it before it goes into effect on Jan. 1,\u201d<\/em> Smith said.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/fair-bet-act-stalls-but-support-for-gambling-deduction-remains\/\">FAIR BET Act Stalls but Support for Gambling Deduction Remains<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A push to restore the full gambling loss deduction faced a setback this week. The House Rules Committee declined to attach the FAIR BET Act to the must-pass National Defense Authorization Act (NDAA), leaving the proposal in limbo. Good to know The FAIR BET Act aims to reinstate the 100% gambling loss deduction. Current law, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9788","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9788"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9788\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}