The House Ways and Means Committee overwhelmingly handed laws Thursday repealing the 2026 playing tax provision.
Under the One Big Beautiful Bill, which went into impact Jan. 1, gamblers can deduct solely 90% of losses from their taxes. This might end in paying taxes regardless of having a dropping yr.
The bipartisan FULL HOUSE Act would strip that provision out of the regulation. Ways and Means handed the invoice (HR 6985) in a 38-5 vote, with 5 Democrats voting in opposition to the plan.
“At a time of economic uncertainty, my job is to protect Nevadans and their jobs,” invoice sponsor Rep. Steven Horsford (R-NV) mentioned.
“From dealers and housekeepers to restaurant workers and small business owners, families across our state depend on visitors choosing Nevada. This unfair tax puts their livelihoods at risk. That’s why I fought to advance my FULL HOUSE Act, and I won’t stop until we get this relief signed into law.”
Similar Bill Attached To Senate Tax Bill
The invoice now strikes to a full House vote. If it passes, the laws strikes to the Senate. Sen. Dina Titus (D-NV) has additionally pushed for a repeal in her FAIR BET Act over the past yr.
That measure additionally gained some traction this week after Titus connected it to a tax package deal. The senator welcomed the House Ways & Means Committee’s determination to maneuver the problem ahead.
“Finally, after 14 months of uncertainty, my fix to restore the 100% tax deduction for gambling losses has been passed out of committee,” Titus posted on X/Twitter.
Finally, after 14 months of uncertainty, my repair to revive the 100% tax deduction for playing losses has been handed out of committee.
I used to be the primary Member of Congress to acknowledge this injustice after I launched my provision to appropriate it on July 7, 2025. Since then, I’ve amplified this problem nationally and introduced it to the eye of my colleagues, together with members of @WaysandMeansGOP.
Now it’s time for us to push this commonsense resolution to the House flooring, to the Senate, and at last to the President’s desk. I received’t cease preventing till we get this over the end line.
— Dina Titus (@repdinatitus) September 16, 2026
Poker Players React
High-stakes poker gamers first introduced the tax provision to mild whereas lawmakers thought-about the Big Beautiful Bill in 2025. Poker Hall of Famer Erik Seidel introduced in April that he was taking part in a decreased schedule due to the measure.
Several poker gamers expressed gratitude {that a} resolution to the tax problem was gaining some momentum. Poker Hall of Famer Josh Arieh expressed amazement that 5 representatives voted in opposition to the repeal.
“Imagine being ignorant enough to vote ‘no’ on this … there are 5 elected officials to do exactly this,” he posted on X/Twitter.
Eight-time World Series of Poker bracelet winner Daniel Negreanu had an analogous response to the vote whereas additionally providing an instance of how the present tax provision adversely impacts gamers.
The 5 no votes ought to be compelled to elucidate their logic right here and why they assume it’s truthful and acceptable for folks to pay tax once they didn’t make any revenue
Tell me:
Guy bets $1000 loses
Bets one other $1000 wins
He is even, however you need him to pay tax? Explain your self.
— Daniel Negreanu (@RealKidPoker) September 16, 2026
Plenty of labor stays to get the availability throughout the end line. Titus’s laws fell out of a protection spending invoice in September 2025, and lawmakers rejected an effort to incorporate it in a spending invoice in January.
