- Written testimony on gambling-related tax issues concerning the FAIR Bet Act can be submitted to the Ways and Means Committee through August 8 at WMSubmission@mail.house.gov.
LAS VEGAS – Rep. Dina Titus (D-NV) is set to make a high-profile push for the FAIR BET Act on Friday during a House Ways and Means Committee field hearing in Las Vegas. Her goal? Using the spotlight to advocate for restoring the full gambling loss deduction for taxpayers.
Titus’s appearance comes during growing bipartisan support for the bill and much public interest online.
FAIR Bet Act Gets A Fair Shot
The FAIR BET Act, introduced a few weeks back, seeks to undo a provision in the One Big Beautiful Bill (OBBB) that lowered the gambling loss deduction from 100% to 90%. Added into a Republican measure unrelated to gambling, this move has been criticized as damaging to both Nevada online sportsbooks, bettors, and tax fairness in general.
“I’ll be there to emphasize the detrimental effects of the BS Republican Budget… promote the FAIR BET Act, garner more bipartisan support, and encourage @WaysMeansCmte to push this common sense legislation through,” Titus posted on X (formerly Twitter) Thursday afternoon.
The tweet sparked a wave of responses from USA online sportsbook supporters, critics, and stakeholders in the gambling world.
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One user, @Qwivexpectedval, simply wrote, “Let’s get the FAIR BET Act passed!” Others raised concerns about related issues, such as the long-criticized $10,000 casino reporting threshold and how the bill affects those who use the standard deduction. “FAIR BET Act did nothing to remedy that,” posted @TaxmanCPAMST.
While Titus has built bipartisan momentum (garnering 10 co-sponsors, including Republicans Mark Amodei (NV), Troy Nehls (TX), Guy Reschenthaler (PA), and Jefferson Van Drew (NJ)), the road ahead remains uncertain. Advocates see the Las Vegas hearing as a strategic inflection point, especially with committee member Rep. Steven Horsford (D-NV) also supporting the bill.
Though a standalone passage in Congress is rare, observers believe the FAIR BET Act could be attached to a broader tax package or tucked into a technical corrections bill later this year.
Meanwhile, the broader OBBB tax reform package remains a lightning rod. Titus plans to use her appearance to address other perceived shortcomings, including cuts to Medicaid, SNAP benefits, and tourism incentives (one especially with direct impact on her Las Vegas constituents).
As for the FAIR BET Act, interest appears to be growing, as is public engagement ahead of Friday’s hearing. The hearing begins at 10 AM P.T. and will be livestreamed at waysandmeans.house.gov.
Michael spends most of his time betting on over/unders and analyzing algorithms in attempts to beat the book. His focus on statistics comes from an early understanding of mathematics as well as knowledge of opportunity costs. Michael enjoys playing basketball and reading about the NBA whenever he has the free time. When he is not writing, he can be found in Mississippi hitting the sportsbooks and enjoying a margarita… on the rocks, no salt.
