On the morning of Friday, July 17th, 2026, the IRS held an open hearing regarding the 90% gambling loss ruling through the Big Beautiful Bill (BBB), which is being put into effect for the 2026 tax year.
The IRS heard from various speakers such as Representative Dina Titus – Nevada District 01, Joshua Hamlet – Clarity Tax Counsel PLLC, Mike Vanaki – American Gaming Association, Gary Kondler – Kondler & Associates, and various amateur and professional gamblers. All speakers had the same goal in mind, expressing to the IRS that the 90% loss on gambling is unfair to all gamblers, especially those who do not earn a gambling profit throughout the year.
