Nevada experts warn that federal tax changes could harm the game industry
A change in minor tax buried in a federal bill could have been disproportionate to the game industry in Nevada, according to experts and legislators who spoke during a meeting of the town hall on Monday, August 11.
The so-called “One Big Beautiful Bill” included a disposition capping the deduction of game losses at 90% of the gains. Previously, players could deduct 100% of the losses, which means that someone who won and then lost the same amount owed no federal tax.
Now is happening: the representative Dina Titus is organizing a town hall on the Fair Bet Act to restore the 100% deduction for game losses, joined by community leaders. and industry experts. Live from the town hall of Las Vegas. #Fairbetact #Lasvegas
– Dina Titus (@repdinatitses) August 12, 2025
Representative Dina Titus, a Nevada Democrat who opposed the bill, said that change affects much more than professional poker players. “This is a very simple change, but it had a lot of impact. Not only on players, but on industry, on certain types of tourism, on income,” she said at the event at the Town Hall of Las Vegas.
Titus noted that in virtue of the new rule, a player who earns $ 100,000 and then loses $ 100,000 will still have $ 10,000 in taxes, despite no profit. Calling this a tax on “ghost money”, she added: “I didn’t think it was right.”
The deputy introduced the law on fair bets, abbreviation of fair accounts of income made by betting on the taxation of gains, which would restore the complete deduction. She declared that the bill had bipartite support, including the republican representative of Texas Troy Nehls, even if he supported the biggest package.
Federal estimates suggest that the new limit could raise $ 1.1 billion over nine years. Titus asked for this projection, warning that it could lead players to offshore sites or illegal markets. “If you make people pay on fake money taxes, they will not deduce or report it, or even play,” she said.
The variation in the NEVADA play game tax could make “unregulated market growth”
Adam Robinson of the voice of American bettors told participants that politics could erode confidence in regulated sports betting. “You could earn $ 100,000, lose $ 100,000, and because of this provision, you seem to make $ 100 on your income tax return, and you will be taxed about it,” he said.
“We will lose players, we will lose jobs and, above all, we will lose confidence. The regulated market will shrink, the non -regulated market will develop. ”
Becky Harris, former state senator and president of Nevada Gaming Control Board, argued that the deduction should be treated like other financial losses. “I think that the possibility of deducting your game losses is no different from the possibility of deducting your stock losses,” she said.
Harris warned that targeting the game industry while leaving other intact sectors is a “bad policy” and urged federal officials to consult the state legislators.
The tax specialist, Russell Fox, predicted that casinos would feel the effects over time. Citing economist Alan Greenspan, he said, “Whatever you tax, you get less.”
Titus expressed its optimism as to the inversion of change before it takes effect for the taxes of next year. “We have a little time, but we don’t want to drag, we want to do it,” she said, adding that she hoped to attach the language of her bill to the essential legislation before the end of the year.
Star image: Dina Titus via x
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