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FAIR BET Act stalls in U.S. House committee, Rep. Dina Titus still pushing
US Rep. Dina Titus shared that she will continue to press for a change to the current tax code regarding deductions for gaming losses.
The United States House of Representatives' Rules Committee has declined to advance an amendment to a defense funding bill suggested by Rep. Dina Titus (D-Nev.) that would amend the federal tax code to allow U.S. taxpayers to deduct all of their gaming losses from their personal income tax liabilities. Although Titus has stated that she will continue to push for the change, the matter is now in the hands of another House committee.
Titus shares update on bill to restore full tax deduction
A social media post from Titus explains that her attempt to restore gamers' full income tax deductions for losses through an amendment on the current defense budget bill has failed. Titus initiated the action in August 2025.
Titus' amendment would have changed the current tax code language regarding the deduction from 90% to 100%. That was the standard for previous tax years until Congress modified the provision in 2025, effective for tax years 2026 and onward.
Should the current language remain intact, players in the US will still have to report all gaming winnings on their income tax returns, but will only be able to deduct 90% of that threshold in terms of losses. Titus isn't the only member of Congress looking to restore the previous accounting.
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H.R. 4304 now under consideration in House Ways and Means Committee
Titus' H.R. 4304 will proceed as a standalone bill in the House Ways and Means Committee. That bill has not moved since July 2025 but to a degree that is because Titus was focused on pushing for the change as an amendment to the defense bill.
Titus has already found allies in Congress on the topic, like Rep. Jason Smith, who chairs the Ways and Means Committee. Support from leaders like Smith will be integral to H.R. 4034's future.
In the meantime, the effect could be chilling for the top online casinos in the US. People could be more reticent to play without the use of online casino bonus codes due to the cap on the gaming loss deduction.
As a result, online casino operators could diminish the frequency and/or value of deals like those coming from Fanatics Casino promo codes. Congress has the balance of 2026 to act on this matter, though.
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For the moment, the push to repeal the most recent tax code change regarding gaming is going nowhere. However, Titus' commitment could mean the matter is not entirely settled.
