Members of Congress from both sides of the aisle are seeking to repeal the provision in the One Big Beautiful Bill Act that levies onerous new taxes on gamblers.
Last week, the Senate passed the omnibus bill, which included a section that made it so only 90% of gambling losses could be deducted against gains. The House then passed the bill prior to the July 4 holiday, when President Donald Trump signed it into law.
Rep. Dina Titus (D., Nev.) introduced the FAIR BET Act on Monday, seeking to restore the previous ability for gamblers to deduct 100% of their losses against their gains. She is supported by Reps. Ro Khanna (D., Calif.), and Troy Nehls (R., Texas).
“While I proudly voted for the One Big Beautiful Bill Act, which prevents the largest tax hike in American history, the Senate’s version contained a provision that I strongly disagree with,” Rep. Nehls told Front Office Sports in a statement.
