Nevada Lawmakers Press for Reversal of Gambling Tax Shift
Nevada’s gaming industry and its congressional delegation are intensifying efforts to overturn a federal tax change that is set to take effect in 2026 and would limit how much gamblers can deduct in losses. The provision, passed as part of the One Big Beautiful Bill Act signed into law in July by President Donald Trump, alters a long-standing rule that allowed gamblers to deduct all losses up to the amount of their winnings. Industry leaders, professional players, and lawmakers argue […]
Nevada’s gaming industry and its congressional delegation are intensifying efforts to overturn a federal tax change that is set to take effect in 2026 and would limit how much gamblers can deduct in losses. The provision, passed as part of the One Big Beautiful Bill Act signed into law in July by President Donald Trump, alters a long-standing rule that allowed gamblers to deduct all losses up to the amount of their winnings. Industry leaders, professional players, and lawmakers argue […]
