Congress moves to let gamblers write off all losses against winnings
H.R. 4304 — Fair Accounting for Income Realized from Betting Earnings Taxation Act · Filed by Dina Titus (D-NV) · 25 cosponsors · Introduced Jul 7, 2025 · Referred to committee
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What it does
This bill amends the tax code to allow taxpayers to deduct 100% of their wagering losses against wagering income, instead of the current 90% limit. In effect, it removes a $0.10-per-dollar cap on loss deductions for gambling, allowing bettors to fully offset gambling winnings with gambling losses for tax purposes.
Why we flagged it
The bill is a straightforward tax relief measure that removes a deduction cap benefiting individual bettors. It is a narrow tax carve-out with no broader public-policy justification—purely a reduction in tax liability for a specific activity.
What the text implies
- The 90% cap existed as a revenue-protection measure; removing it will reduce federal tax receipts from gambling activities, shifting the tax burden to other taxpayers or reducing public funding.
- The bill may incentivize higher-risk gambling by making losses more tax-deductible, potentially increasing problem gambling without addressing public-health consequences.
- Professional bettors and high-income gamblers benefit disproportionately; casual bettors with small losses see minimal tax benefit.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
The bill benefits individual bettors by allowing full loss deductions, reducing their tax liability on gambling winnings. However, it reduces federal tax revenue that funds public services, and the primary beneficiaries are people with significant gambling income—a narrow group. The public bears the cost through foregone revenue without a clear offsetting public benefit.
Who stands to gain
- individual bettors and professional gamblers
- sports betting platforms (indirectly, through increased betting activity)
Named in the bill
Internal Revenue Code Section 165(d), individual taxpayers, sports betting industry
Where it stands
25 cosponsors: 14 Democrats, 11 Republicans.
- Jul 7, 2025 — Introduced · Congress.gov: “Introduced in House”
- Jul 7, 2025 — Referred to House Committee on Ways and Means · Congress.gov: “Referred to the House Committee on Ways and Means”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
16 lobbying clients named this bill on 25 disclosure filings across 2 quarters, Dec 2025 to Jun 2026. Those filings disclosed $2,279,000 in lobbying spend. A filing names 4 bills on average, so that figure is what each filing reported, not a share belonging to this bill.
More lobbying clients named this bill than 95% of bills with at least one filing.
Dina Titus, the sponsor, reported $775,196 in PAC receipts in the 2026 cycle.
- American Gaming Association — $660,000 on 1 filing
- Draftkings Inc. and Its Affiliates — $260,000 on 1 filing
- Bally's Corporation — $180,000 on 2 filings
- Draftkings Inc. — $180,000 on 2 filings
- Boyd Gaming Corporation — $120,000 on 2 filings
Lobbying Disclosure Act filings through Jul 20, 2026. A filing shows who paid to lobby on a bill it names, not what changed.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (301 characters) on Aug 29, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 20, 2026 · page rendered 2026-10-20.
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