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Nevada casinos, lawmakers eager to reverse change in gambling tax deductions

On Jan. 1, the deduction change begins, reducing gamblers' loss deductions from 100% to 90% for 2026 wins and losses under U.S. tax law change.
Late in the bill's passage the deduction language appeared in the Senate version, with reports citing Senate staff or Sen. Mike Crapo, R-Idaho, as responsible, and Congress enacted it via the One Big Beautiful Bill Act signed by President Donald Trump.
Industry leaders report immediate effects, saying a hypothetical player with $100,000 wins and $100,000 losses would pay tax on $10,000 phantom income, while Derek Stevens, Circa Casino Resorts CEO, notes 2026 budgets are already cut.
Industry groups expect restoration early in 2026 and are coordinating with House and Senate allies, including Rep. Dina Titus, D-Nevada, Sens. Catherine Cortez Masto and Jacky Rosen, and Rep. Mark Amodei, R-Nevada, to secure a fix in the '26 appropriations.
With timing tight, advocates warn the fix must happen by April 2027, as officials say the change threatens tourism, hospitality and jobs in Nevada and could push bettors to Canadian casinos and illegal offshore betting sites, while political caution around President Donald Trump complicates passage.

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