House Rules Committee denies Fair Bet Act amendment to NDAA
Nevada Representative Dina Titus shared the news via her social media account on September 9, also stating she will ‘continue to build support’ for the legislation despite the setback.
Key Points
- Titus introduced the Fair Bet Act to the 2026 NDAA on August 27 in the hopes of restoring the 100% gambling loss deduction removed in President Trump’s Big Beautiful Bill Act
- Going into effect for 2026, if a player wins $100,000 while participating in any form of gambling but also loses $100,000, they would still be required to pay $10,000 in taxes
Nevada Representative Dina Titus has announced via social media the House Rules Committee denied her Fair Accounting for Income Realized from Betting Earnings Taxation (Fair Bet) Act as an amendment to the 2026 National Defense Authorization Act (NDAA).
“Unfortunately, the GOP-controlled Rules Committee did not accept the FAIR BET Act as an amendment to the NDAA. This was an easy fix that should have been adopted. Nonetheless, I will continue to build support to restore the 100% gambling loss deduction,” Titus said on X, formerly Twitter.
Titus introduced the Fair Bet Act to the 2026 NDAA on August 27 in the hopes of restoring the 100% gambling loss deduction removed in President Donald Trump’s Big Beautiful Bill Act. As part of the budget reconciliation bill, if a player wins $100,000 while participating in any form of gambling but also loses $100,000, they would still be required to pay $10,000 in taxes.
The Nevada Representative originally brought the legislation forth on July 7 in response to President Trump’s signing of the Big Beautiful Bill Act just days prior.
Good to know: An investigation in the state of Nevada revealed evidence that “malicious actors” moved data outside of Nevada’s state networks in August 2025
Titus previously stated the US government “should be encouraging players to properly report their winnings and wager using legal operators,” as she believes the recent changes will “push people to not report their winnings and to use unregulated platforms.”
The Fair Bet Act now awaits a decision from the House Ways and Means Committee, as both sides are attempting to address the legislation prior to President Trump’s bill going into effect on January 1, 2026.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
