Efforts to repeal the playing tax provision within the One Big Beautiful Bill Act (OBBBA) are underway. In the approaching days, members of the House of Representatives will talk about the difficulty.
According to Bloomberg, the House Ways and Means Committee will consider the bipartisan FULL HOUSE Act in the course of the first few days of the autumn Congressional session.
Rep. Steven Horsford (D-NV) and Rep. Max Miller (R-OH) filed HR 6985 in January. They referred to as it the Facilitating Useful Loss Limitations to Help Our Unique Service Economy Act, or FULL HOUSE for brief.
The act would merely repeal the precise playing tax provision in final yr’s OBBA. The provision would solely enable gamblers to deduct 90% of playing losses. Previously, they had been allowed to write down off the complete quantity of their losses.
Provision Creates Phantom Taxes
Poker gamers and the gaming business have warned the availability might have a destructive financial impact on gamblers. High-stakes poker gamers vocalized considerations concerning the match poker ecosystem due to a potential “phantom tax” burden.
If gamers can solely write off 90% of their losses, they’ve a tax invoice on a breakeven yr. Horsford is hopeful the invoice can discover supporters within the Ways and Means Committee, which is reviewing the proposal together with crypto tax and well being care payments
“People should not pay taxes on money they never earned,” he mentioned on Twitter/X. “That’s why I launched the bipartisan FULL HOUSE Act and have labored for months to safe a full repeal of the unfair playing tax that Senate Republicans enacted final yr. For Nevada, that is about defending our economic system and the employees and small companies who rely upon tourism and gaming. Their livelihoods are at stake.
“This week, the Ways and Means Committee will take action on my fix – a major step toward restoring tax fairness and protecting Nevada jobs. We fought to bring this relief forward. We won’t stop until the job is finished.”
Titus Adds FAIR BET To Tax Package
That’s not the one invoice to repel the availability additionally seeing some traction. Nevada Rep. Dina Titus’ (D) proposal to repeal the tax provision has been hooked up to a tax package deal presently circulating within the House.
Titus first launched the FAIR BET Act (Fair Accounting for Income Realized from Betting Earnings Taxation Act) in 2025. The measure has seen some stops and begins since that point, together with getting reduce from a protection spending invoice in September 2025 and getting rejected from inclusion in a spending invoice in January.
Like Horsford and Miller, the congresswoman is hopeful the invoice can finally attain the end line.
Very happy to see that my playing loss tax deduction repair has lastly been included in a tax package deal. I encourage my colleagues to push it via @WaysandMeansGOP this week as shortly as potential.
— Dina Titus (@repdinatitus) September 15, 2026
Congress is again in session on Monday, so the method of reviewing every invoice continues to be within the early levels. Getting a full ground vote in Congress continues to be not a given, however seeing each payments up for consideration might give poker gamers some hope.
The OBBA playing tax provision was first delivered to mild by high-stakes gamers. Poker Hall of Famer Erik Seidel introduced in April he was taking part in a lowered schedule due to the invoice’s tax implications.
