"I write today to raise an issue we have discussed in the past: the need to reverse the 90 percent limit on gaming loss deductions for US taxpayers included in the OBBBA."
"The current law makes it irrational to bet in the United States because you could end up owing taxes even when you lose or having a tax bill that exceeds your winnings for the year,"
"Industry groups and lawmakers argue the rule could leave some gamblers paying taxes despite finishing the year with net losses."
"White warned that the current structure could discourage legal wagering and weaken the regulated sports betting market that states have spent years building after the fall of the federal sports betting ban."
Dana White sent a letter to President Donald Trump urging reversal of a tax provision limiting gambling loss deductions to 90%. The change was included in the “One Big Beautiful Bill Act” and is scheduled to take effect for the 2026 tax year. Gaming industry groups and members of Congress criticize the rule because it can cause some bettors to owe taxes even when they end the year with net losses. White warned the structure could discourage legal wagering and weaken the regulated sports betting market built by states after the federal sports betting ban ended. He argued the current law makes betting irrational because taxpayers could owe taxes despite losing or face tax bills larger than their winnings.
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