House Members of Ways and Means Committee set for a visit to Las Vegas this Friday, aiming to deliberate on Trump's tax legislation.
New Trump Tax Law's Gambling Loss Deduction Under Scrutiny at Las Vegas Field Hearing
A field hearing by the House Ways and Means Committee took place in Las Vegas on Friday, 25th July 2025, to discuss the implications of the new Trump tax law on Nevada's commercial casinos, iGaming, sports betting, tribal gaming, and taxes. The event, held at YESCO, began at 10 a.m. local time.
During the field hearing, Nevada Representative Dina Titus, the bill's sponsor, used the opportunity to advocate for her FAIR Bet Act (HB 4303). The Act, introduced on July 7, aims to repeal the provision in the new tax law that reduced the deductibility of gambling losses from 100% to 90%.
The FAIR Bet Act, with 10 sponsors from both Democrats and Republicans across various states, seeks to restore the full 100% deduction for gambling losses. Rep. Titus argues that the current limitation unfairly taxes money not actually earned and could negatively impact Nevadaβs gaming economy.
While the FAIR Bet Act has garnered strong bipartisan support, it has not yet been scheduled for a formal committee hearing in the current Republican-led Congress. Only invited witnesses participated in the field hearing, and written testimony could be submitted by others.
Coverage of the event was provided by Casino Reports, with Jill R. Dorson as the author. As of late July 2025, the FAIR Bet Act is projected to generate a revenue loss of $1.1 billion over a decade, should it succeed in repealing the tax law's gambling loss deduction reduction.
References:
[1] Casino Reports, Dorson, J. R. (2025, July 25). Field Hearing in Las Vegas Addresses Trump Tax Law's Impact on Gambling Loss Deductions. Retrieved from https://www.casinoreports.com/news/field-hearing-in-las-vegas-addresses-trump-tax-laws-impact-on-gambling-loss-deductions
[2] House Ways and Means Committee, (2025, July 24). Press Release: House Ways and Means Committee to Hold Field Hearing on Taxes and Gaming in Las Vegas. Retrieved from https://waysandmeans.house.gov/news/press-releases/house-ways-and-means-committee-to-hold-field-hearing-on-taxes-and-gaming-in-las-vegas
[3] Nevada Independent, (2025, July 25). Titus to use field hearing to gain press for her FAIR Bet Act, which aims to repeal the provision in the new tax law regarding gambling losses deduction. Retrieved from https://thenevadaindependent.com/article/titus-to-use-field-hearing-to-gain-press-for-her-fair-bet-act-which-aims-to-repeal-the-provision-in-the-new-tax-law-regarding-gambling-losses-deduction
At the field hearing, Rep. Dina Titus advocated for her FAIR Bet Act, wanting to restore the full 100% deduction for gambling losses, arguing that the current 90% limit is unfair and could harm Nevada's gaming economy. The FAIR Bet Act, if passed, would impact casino-and-gambling operations by repealing the reduced gambling loss deduction provision in the new tax law.
