Nevada’s legislator Dina Titus Targets Gambling Rollback in High-Profile Legislative Package
Monday 07 de July 2025 / 12:00
⏱ 2 min read
(Nevada).- Democratic Congresswoman Dina Titus of Nevada announced plans Friday to propose legislation that would amend a gambling-related tax provision in President Trump's budget.
Democratic Nevada Rep. Dina Titus said Friday she plans to introduce a bill to fix a provision in President Donald Trump’s budget that affects gambling tax deductions. Part of the so-called “Big Beautiful Bill,” which the president signed into law Friday, changes how much bettors can deduct in losses from their taxes. As written, the new tax code will allow betters to deduct 90% of their loses against 100% of their gains. Previous law called for a 100-to-100 deduction.
“On Monday I’m introducing the FAIR BET Act, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, to permanently restore the 100% loss deduction from gambling winnings,” Titus posted on X. “I welcome all other members to join this common sense fix.”
Speaking on 8 News Now’s sister cable network NewsNation, Titus said the move in the Big Beautiful Bill Act pushes gaming toward the black market.
“The black market doesn’t pay taxes, isn’t regulated, doesn’t help with problem gaming, so it’s bad for the industry as well as for the player,” Titus said.
Derek Stevens, the owner of the Las Vegas casino Circa, thanked Titus after her announcement, adding Congress should also raise the threshold for slot winnings. Winnings under $1,200 are not taxed. Nevadans in Congress have previously tried to raise that amount.
In a statement before the bill’s passage, representatives with the American Gaming Association said they “will work closely with Congress in the coming months to address the changes to wagering deduction losses and further modernize the tax code.”
Categoría:Legislation
Tags: Sin tags
País: United States
Región: North America
Event
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
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