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Dina Titus urges House of Representatives to act fast, reverse federal gambling tax change for 2026
Lawmakers are hoping to prevent a new gambling tax deduction policy from taking effect Jan. 1, which President Donald Trump indicated he would consider eliminating
With only a few weeks left in the year, Nevada Rep. Dina Titus is urging other House representatives to expedite consideration on a proposed bill that would reverse a gambling tax deduction change that will go into effect Jan. 1, 2026. What many describe as an inadvertent element included in the One Big Beautiful Bill Act, the new law will set a 90% limit on deductibility of gambling losses with online casinos and sportsbooks, down from the 100% that has been in place for over 60 years.
Starting Jan. 1, online casino users can only deduct 90% of gambling losses
As it currently stands, once the new year hits, one aspect of the One Big Beautiful Bill Act that affects users of legal casino apps is a lower standard for deducting gambling losses against winnings. For over six decades, gamblers have been able to deduct 100% of gambling losses from winnings during tax season. On Jan. 1, that new number will lower to 90%.