Dana White wrote a letter to President Trump requesting a change to “reverse the 90 percent limit on gaming and deductions for US taxpayers” included in the One Big Beautiful Bill Act.
New: UFC President Dana White has sent a letter to President Donald Trump asking him to help reverse the 90 percent limit on gambling loss deductions for US taxpayers that became law last year.
— Dustin Gouker (@DustinGouker) May 13, 2026
The issue has been a concern for both bettors and the gambling industry itself. pic.twitter.com/WH9ukZi3mH
According to the law referred to by White, allows for gambling losses to be deducted. Here is an example from TurboTax:
For example, if you had $100,000 in gambling winnings and $110,000 in gambling losses, your losses are limited to your winnings, or $100,000. Beginning in 2026, your $100,000 of qualified losses are further reduced to 90% of your losses, or $90,000. As a result, even though you lost more money than you won, you are still required to recognize winning income on your tax return. In this case, $10,000.
The last part in the example is what White is identifying: “…even though you lost more money than you won, you are still required to recognize winning income on your tax return.”
Leave a Reply