Dina Titus urges House to pass FAIR BET Act before Congress adjourns

Nevada Congresswoman Dina Titus is pressing House leaders to move the FAIR BET Act before the current session ends. For gambling operators and payment providers, the point is simple: the bill would restore the full federal deduction for gambling losses, undoing the 90% cap created by the One Big Beautiful Bill Act in July 2025.

1. Titus asked House Speaker Mike Johnson and Majority Leader Steve Scalise to advance the measure before lawmakers leave for the year. She said the bill should be folded into any major spending package or other must-pass legislation, which is often where these things live when time runs out.
2. The FAIR BET Act, formally the Fair Accounting for Income Realised from Betting Earnings Taxation Act, would reinstate the 100% deduction for gambling losses that existed before July 2025. Under the current rule, a taxpayer with US$100,000 in winnings and US$100,000 in losses would still show US$10,000 in taxable income.
3. The House Ways and Means Committee advanced a bipartisan package on this issue by 38 votes to five in September, and the measure will now head to the House floor. That makes the proposal live, but not done, which is usually where the real lobbying starts.
4. Titus has argued that the cap hits both professional gamblers and recreational players. She also said it could push customers toward offshore gambling operators, where consumer protections and regulatory oversight may be weaker, while also affecting domestic tax revenue, investment, and jobs in the regulated gaming industry.