FULL HOUSE Act heads to committee
US lawmakers are preparing to consider legislation that would repeal a gambling tax provision introduced in last year’s One Big Beautiful Bill Act (OBBBA). The provision limits gamblers’ deductible losses to 90%, ending the previous ability to deduct the full amount of losses.
The House Ways and Means Committee is due to review the bipartisan FULL HOUSE Act during the first days of the fall Congressional session. Rep. Steven Horsford (D-NV) and Rep. Max Miller (R-OH) introduced HR 6985 in January. Its formal name is the Facilitating Useful Loss Limitations to Help Our Unique Service Economy Act.
The committee is considering the proposal alongside legislation covering crypto taxation and health care. A vote by the full U.S. Congress is not guaranteed, but committee consideration gives poker players and the wider gaming industry a route to challenge the change.
Industry warns of “phantom taxes”
Poker players and gaming industry representatives have argued that the 90% limit could create tax liabilities even when a gambler breaks even. High-stakes players have raised particular concerns about the effect on tournament poker and its broader ecosystem.
Rep. Horsford said the legislation was intended to prevent taxes being charged on money that was not earned.
“People should not pay taxes on money they never earned,” he said on Twitter/X. “That’s why I introduced the bipartisan FULL HOUSE Act and have worked for months to secure a full repeal of the unfair gambling tax that Senate Republicans enacted last year. For Nevada, this is about protecting our economy and the workers and small businesses who depend on 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.”
FAIR BET provision included in House tax package
A separate repeal effort from Nevada Rep. Dina Titus (D) has also advanced. Her FAIR BET Act, or Fair Accounting for Income Realized from Betting Earnings Taxation Act, has been included in a tax package circulating in the House.
Titus introduced the measure in 2025. It was removed from a defense spending bill in September 2025 and later rejected for inclusion in a spending bill in January.
Titus said on September 15, 2026, “Very pleased to see that my gambling loss tax deduction fix has finally been included in a tax package. I encourage my colleagues to push it through @WaysandMeansGOP this week as quickly as possible.”
The House returns on Monday, leaving both proposals at an early stage. The OBBBA provision was first highlighted by high-stakes players, including Poker Hall of Famer Erik Seidel, who said in April that he was reducing his playing schedule because of its tax implications.
