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UFC CEO Dana White urges Trump to cancel gambling tax law
The CEO of the UFC, Dana White, has sent a letter to U.S. President Donald Trump, urging him to reconsider the gambling tax rules that have reformed gambling loss deductions.
On May 11, White addressed a letter to Trump in which he asked the President to undo a provision in the “One Big Beautiful Bill Act” that puts a 90% cap on gambling loss deductions that players can make. Historically, U.S. players have been able to deduct the full 100% of losses against winnings, and White has argued that the introduction of such a change has affected high-stakes and professional bettors.
White wrote in the letter:
“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 ОВВВА. I believe Congress should fix this issue, as the policy is already creating problems. 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. Furthermore, this has the impact of setting back your signature policy No Tax on Tips, which greatly benefits Nevadans because gamblers who win big, tip big, but now that this 90 percent limitation exists, gamblers are likely to be less generous if they even gamble at all.”
White has also stressed that the law pushes players towards illegal platforms and discourages users from accessing regulated gambling websites, suggesting that cancelling it would show that the U.S. supports “common-sense regulation”.
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