{"id":265,"date":"2025-07-22T15:07:05","date_gmt":"2025-07-22T15:07:05","guid":{"rendered":"https:\/\/xandervolpek.com\/?p=265"},"modified":"2025-07-23T10:22:02","modified_gmt":"2025-07-23T10:22:02","slug":"act-to-overturn-one-big-beautiful-bills-changes-to-gambling-tax-gathers-support","status":"publish","type":"post","link":"https:\/\/xandervolpek.com\/index.php\/2025\/07\/22\/act-to-overturn-one-big-beautiful-bills-changes-to-gambling-tax-gathers-support\/","title":{"rendered":"Act to Overturn One Big Beautiful Bill\u2019s Changes to Gambling Tax Gathers Support"},"content":{"rendered":"

The post Act to Overturn One Big Beautiful Bill\u2019s Changes to Gambling Tax Gathers Support<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n

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Gambling tax backlash <\/h2>\n

Support is growing to repeal a law in the \u201cOne Big Beautiful Bill\u201d (OBBB) which decreases the tax deduction limit on gambling losses.<\/p>\n

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possibility of being taxed despite having a losing year<\/p>\n<\/blockquote>\n

The OBBB, passed at the beginning of this month, allows gamblers to only deduct 90% of losses from their tax liability, causing a widespread backlash from bettors who were opened up to the possibility of being taxed despite having a losing year.<\/p>\n

Now, a new act to overturn the tax deductions is gathering bipartisan support and could offer a glimmer of hope for both recreational gamblers and professionals who see their livelihoods threatened.<\/p>\n

Popular support<\/h2>\n

Nevada Rep. Dina Titus was particularly critical of the gambling tax aspects of the OBBB, and spent the last days of the bill\u2019s passage attempting to remove the deduction limit changes.<\/p>\n

After the bill was passed, Titus proposed the FAIR BET Act to overturn the changes, which has attracted significant bipartisan support.<\/p>\n

Now, Titus has announced two more co-sponsors for the bill \u2013 Representatives Darren Soto of Florida and Chris Deluzio of Pennsylvania, both Democrats \u2013 have signed on.<\/p>\n

In an interview with Newsweek<\/em>, Titus stated the support to overturn the tax changes had garnered a huge amount of support, saying: \u201cWe\u2019ve certainly heard from the industry, they\u2019ve all kind of now gotten on board.<\/p>\n

\u201cI can tell you that we put out a lot of messages about that big, bad BS bill and we talked about Medicaid, we talked about food stamps, we talked about renewable energy, but this issue has gotten ten times the response than any of those have.\u201d<\/p>\n

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I don\u2019t think it\u2019s just limited to the people directly impacted by gaming in Nevada. It\u2019s a national issue.\u201d<\/p>\n<\/blockquote>\n

\u201cI think it\u2019s people who are on the internet, I think it\u2019s young people who found an issue that they can kind of identify with. And I don\u2019t think it\u2019s just limited to the people directly impacted by gaming in Nevada. It\u2019s a national issue because now everybody can gamble on their phone, and so they\u2019re writing in, they\u2019re texting in, they\u2019re calling in to say, \u2019We should fix this.\u2019\u201d<\/p>\n

Bipartisan support?<\/h2>\n

The chances of the bill being passed remain to be seen, and while there is bipartisan support, it has leaned heavily towards the Democratic side for now. However, there has been little advocacy in favor of the specific changes to gambling taxes, which were a surprise inclusion on the OBBB.<\/p>\n

Elsewhere, Democratic Senator Catherine Cortez Masto, who is leading the fight against the changes in the Senate, told professional poker player and content creator Doug Polk that the new laws were \u201cbudget gimmickry\u201d and had no support among Republicans.<\/p>\n

\u201cI think it caught Republicans off guard. Had we known this was happening, I think we could have stopped it ahead of time.\u201d<\/p>\n

So far, Rep. Troy Nehls of Texas and Rep. Jeff Van Drew of New Jersey are the only Republicans who have signed up in support of the Act. Titus, and gamblers across the US, will be hoping there are more to follow.<\/p>\n

The post Act to Overturn One Big Beautiful Bill\u2019s Changes to Gambling Tax Gathers Support<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The post Act to Overturn One Big Beautiful Bill\u2019s Changes to Gambling Tax Gathers Support appeared first on Vegas Slots […]<\/p>\n","protected":false},"author":1,"featured_media":264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-gaming"],"_links":{"self":[{"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/posts\/265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/comments?post=265"}],"version-history":[{"count":1,"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/posts\/265\/revisions"}],"predecessor-version":[{"id":266,"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/posts\/265\/revisions\/266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/media\/264"}],"wp:attachment":[{"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/media?parent=265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/categories?post=265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xandervolpek.com\/index.php\/wp-json\/wp\/v2\/tags?post=265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}