‘Phantom income’ from new gaming tax tackled through bipartisan bill

Wednesday, January 21, 2026 2:55 PM
  • Howard Stutz, The Nevada Independent

Rep. Steven Horsford (D-NV) hopes a full house is the winning hand in the effort to kill a piece of gambling legislation that has been universally condemned since last summer when it was snuck into the One Big Beautiful Bill Act.

Along with co-sponsor Rep. Max Miller (R-OH), Horsford introduced the “FULL HOUSE Act” to restore the 100 percent deduction on gambling losses that was reduced to 90 percent in President Donald Trump’s budget bill.

The legislation, which was introduced last week, differs slightly from the FAIR BET Bill introduced by Rep. Dina Titus (D-NV) shortly after the budget bill passed.

Both efforts would repeal a tax on money that gamblers didn’t win.