UMVA has learned that UFC chairman Dana White has taken the fight to the White House, demanding President Trump reverse a controversial gambling‑loss tax cap hidden inside the One Big Beautiful Bill Act.
The new provision trims the long‑standing full‑deduction rule to just 90% of losses, turning a familiar tax relief into a looming liability for anyone who wagers and loses.
In a sharply worded May 11 letter, White warned that the cap could force even losing bettors to owe taxes, a scenario that threatens to cripple the nascent legal sports‑betting market that states have painstakingly cultivated.
He warned that stripping away the deduction would choke the flow of sponsorship dollars from sportsbooks to professional sports, dimming the bright partnership that fuels fighters, teams, and fans alike.
Nevada’s Senate leader quickly rallied bipartisan allies, denouncing the rule as “nonsense” and introducing legislation to restore the full deduction, while House members echoed the call, framing it as a battle for jobs, tourism, and the livelihood of countless workers.
According to information obtained by UMVA, the national gaming trade group has joined the chorus, warning that the punitive limit could drive bettors toward offshore platforms, eroding regulated revenue and consumer protections.
The issue has already ignited fierce debate in Congress; earlier attempts to roll back the cap stalled amid budget negotiations, but mounting pressure from industry, tax experts, and high‑profile advocates has reignited the push for repeal.
White closed his appeal by casting the deduction fight as a litmus test for common‑sense regulation, urging the administration to stand with fighters, fans, and American businesses by restoring the 100% loss deduction.
