Skip to main content
See every side of every news story
Published loading...Updated

Dana White Asks Trump to Fix Tax Law that Looms over Gamblers

White says the 90% deduction can leave bettors owing taxes on break-even years and urges Trump to back a fix.

  • On Monday, May 11, UFC President Dana White sent a letter to President Donald Trump requesting reversal of the 90% gambling loss deduction cap established by the One Big Beautiful Bill Act.
  • Signed in July 2025, the One Big Beautiful Bill Act lowered gambling loss deductions to 90%, prompting alarms from the legal betting community about harmful effects on high-stakes bettors.
  • Under current law, a bettor winning $100,000 while losing $100,000 can only deduct $90,000, forcing them to pay taxes on $10,000 of income despite netting zero money.
  • American Gaming Association senior vice president of government relations Chris Cylke said restoring the 100 percent deduction "remains a top priority," while thanking White for raising awareness.
  • U.S. Rep. Dina Titus introduced the Fair Accounting for Income Realized from Betting Earnings Taxation Act shortly after OBBBA passed, but the legislation has not yet progressed through Congress for a vote.
Insights by Ground AI

19 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 57% of the sources lean Left
57% Left

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Sports Betting Dime broke the news on Wednesday, May 13, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal