# 119-hr-4304: Fair Accounting for Income Realized from Betting Earnings Taxation Act

119-hr-4304, Fair Accounting for Income Realized from Betting Earnings Taxation Act, is a 119th Congress bill sponsored by Rep. Titus, Dina [D-NV-1] (D-NV); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4304
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4304
- Congress: 119
- Title: Fair Accounting for Income Realized from Betting Earnings Taxation Act
- Status: introduced
- Introduced: 2025-07-07
- Sponsor: Rep. Titus, Dina [D-NV-1] (D-NV)
- Cosponsors: 25
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Allow 100% deduction for wagering losses**. The FAIR Bet Act would amend Section 165(d) of the Internal Revenue Code by striking "90 percent" and inserting "100 percent". That change raises the portion of wagering losses taxpayers can claim as an itemized deduction against gambling winnings. The amendment is narrowly focused on that single wording change and retains the general framework of the code provision.

## Cosponsors (25)

- Rep. Khanna, Ro [D-CA-17] (D-CA), 2025-07-07T00:00:00.000Z
- Rep. Nehls, Troy E. [R-TX-22] (R-TX), 2025-07-10T00:00:00.000Z
- Rep. Horsford, Steven [D-NV-4] (D-NV), 2025-07-10T00:00:00.000Z
- Rep. Van Drew, Jefferson [R-NJ-2] (R-NJ), 2025-07-10T00:00:00.000Z
- Rep. Amodei, Mark E. [R-NV-2] (R-NV), 2025-07-10T00:00:00.000Z
- Rep. Lee, Susie [D-NV-3] (D-NV), 2025-07-10T00:00:00.000Z
- Rep. Cisneros, Gilbert Ray [D-CA-31] (D-CA), 2025-07-10T00:00:00.000Z
- Rep. Deluzio, Christopher R. [D-PA-17] (D-PA), 2025-07-21T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2025-07-21T00:00:00.000Z
- Rep. Reschenthaler, Guy [R-PA-14] (R-PA), 2025-07-21T00:00:00.000Z
- Rep. Salinas, Andrea [D-OR-6] (D-OR), 2025-09-03T00:00:00.000Z
- Rep. Stanton, Greg [D-AZ-4] (D-AZ), 2025-09-08T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2025-09-23T00:00:00.000Z
- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2025-09-30T00:00:00.000Z
- Rep. Stevens, Haley M. [D-MI-11] (D-MI), 2025-09-30T00:00:00.000Z
- Rep. Miller, Max L. [R-OH-7] (R-OH), 2025-09-30T00:00:00.000Z
- Rep. Gray, Adam [D-CA-13] (D-CA), 2025-10-17T00:00:00.000Z
- Rep. Valadao, David G. [R-CA-22] (R-CA), 2025-10-21T00:00:00.000Z
- Rep. McGarvey, Morgan [D-KY-3] (D-KY), 2025-11-07T00:00:00.000Z
- Rep. LaLota, Nick [R-NY-1] (R-NY), 2025-11-07T00:00:00.000Z
- Rep. Ezell, Mike [R-MS-4] (R-MS), 2025-12-01T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2025-12-17T00:00:00.000Z
- Rep. Cole, Tom [R-OK-4] (R-OK), 2026-01-08T00:00:00.000Z
- Rep. Bergman, Jack [R-MI-1] (R-MI), 2026-02-24T00:00:00.000Z
- Rep. Ruiz, Raul [D-CA-25] (D-CA), 2026-03-27T00:00:00.000Z

## Provisions PRIA read

- Full deduction for gambling losses: benefit, high. This bill would let you deduct 100% of your gambling losses, up to your gambling winnings. It would change the tax rule from 90% to 100%. This would help only if you report both winnings and losses and claim the deduction. No start date is stated in the text provided.

## Related bills

- 119-hr-7148: Consolidated Appropriations Act, 2026
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-2102: Major Richard Star Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025

## Sources
- [119-hr-4304 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4304)

## Related
- [119-hr-7148: Consolidated Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7148)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4304 (as of 2026-04-21).