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.