NV Lawmaker Seeks to Override Trump Bill's Gambling Loss Limits

U.S. Rep. Dina Titus (D-NV) on Monday introduced a bill to counter the gambling deduction limits in President Donald Trump’s “Big Beautiful Bill.”

The proposal, known as the Fair Accounting for Income Realized from Betting Earnings Taxation (FAIR BET Act), would restore the 100% allowance for gambling loss deductions on federal taxes. While that was standard in America, Trump’s new law lowered the amount to 90%.

The bill aligns with the fears of many professional gamblers and enthusiasts who feared that the change would make gambling unsustainable economically.

California AG Declares DFS Illegal

California Attorney General Rob Bonta wrote an opinion last week that said daily fantasy sports operators are in violation of the state’s gaming laws.

Bonta said DFS contests are illegal because they “involve betting on sporting events” in a state in which bans sports betting. Bonta released his opinion in response to a request from state Assemblyman Tom Lackey (R-34).

Both “draft-style” and “pick’em-style” DFS contests were mentioned as illegal violations of California law.

Guardians' Ortiz Suspended While Betting Irregularities Probed

Major League Baseball is investigating Cleveland Guardians pitcher Luis Ortiz over irregularities connected to sports betting, ESPN reported last week.

Ortiz, 26, was placed on non-disciplinary leave last week and will be out through at least July 17. MLB insider Jeff Passan reported that the absence period was negotiated by the league and the players’ association.

Trump’s 'Big, Beautiful Bill' Will Cost Sports Bettors

President Donald Trump’s “One Big Beautiful Bill” could have huge consequences for the sports betting industry.

The Republican-backed legislation would limit deductions for gambling winnings to 90% of annual losses, meaning that a positive year could actually leave bettors in the red. Current laws allow gamblers to deduct 100% of betting losses below a net profit.

Sports Betting Radio Station Launches in Charlotte

The Vegas Sports Information Network has expanded its radio reach to Charlotte, NC.

The Musburger Media-owned network has partnered with Charlotte-based WZGV-AM to launch a radio station exclusively offering sports betting content. Listeners will get up-to-date insights, analysis, and commentary on the world of sports and sports betting.

Charlotte is the nation's 21st-largest radio market, according to Radio Online.

Virginia Sports Betting, Casinos Shine Bright in May

Virginia had a terrific month of sports betting in May, with the latest Virginia Lottery revenue report reflecting significant year-over-year growth.

Legal sportsbooks in the Old Dominion increased their betting handle by 17.7% and adjusted gross revenue by 25.9% year-over-year. The 12.2% hold was also the highest in nearly three months.

All of that came despite handle at Virginia sportsbooks falling below $600 million for just the second month in 2025.

Rhode Island Will Keep 1-Sportsbook Market

Rhode Island will continue with just one sportsbook.

Senate Bill 748 intended to open the sports betting market to between two and five legal operators after a report from Spectrum Gaming Group encouraged officials to expand the market.

However, the bill did not make it out of the House Committee on Finance after it was overwhelmingly approved by the Senate in June.

Rhode Island’s deal with IGT, which powers Sportsbook Rhode Island, will expire in November 2026.

New Jersey Raises Tax Rate on Sports Betting, iGaming, DFS

The New Jersey Legislature has approved tax rate increases on online casinos, sports betting, and daily fantasy sports.

A bill containing the updated standards passed both chambers on Monday. The Assembly voted 45-33 in favor of the bill, followed by the Senate’s 25-14 vote.

Gov. Phil Murphy (D) is expected to sign the bill into law following his support for increased gambling taxes during budget discussions.

Pistons’ Beasley Under Investigation in Suspicious Betting Case

Federal authorities are investigating suspicious sports betting patterns related to prop bets involving Detroit Pistons guard Malik Beasley, ESPN’s Shams Charania reported on Sunday.

The alleged suspicious behavior occurred during the 2023-24 NBA season, when Beasley played his only season with the Milwaukee Bucks. At least one US sportsbook reported unusual betting interest in Beasley's statistics, a source told ESPN's David Purdum.