Nevada’s Bold Gambling Tax Overhaul Aims to Ease Player Burdens
Nevada lawmakers are pushing for a major update to gambling tax rules. The proposed changes would allow players to deduct 100% of their losses, easing financial pressure on gamblers. Industry leaders have called the move a much-needed modernisation after decades of outdated regulations.
The plan ties into broader economic policy discussions, including President Donald Trump’s 'Big Beautiful Bill'. If approved, the bill would raise the minimum reporting threshold for slot machine winnings from $1,200 to $2,000—a figure unchanged since 1977.
The proposed reforms would mark the first significant update to gambling tax rules in over 40 years. If implemented, they could reduce administrative hassles for casinos and provide financial relief to players. The final decision now rests with the IRS.
