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H.R. 4304

U.S. House•In House Committee

Summary

H.R. 4304, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, was introduced in the House on Jul 7, 2025 by Rep. Dina Titus (D) with 25 co-sponsors. It last saw action on Feb 12, 2026: Motion to Discharge Committee filed by Ms. Titus. Petition No: 119-16. ( Discharge petition text with signatures.).

Record

Text

H.R. 4304 has 25 co-sponsors.

hb4304/introduced-in-house.txt
119 HR 4304 IH: Fair Accounting for Income Realized from Betting Earnings Taxation Act
 U.S. House of Representatives
 2025-07-07
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I
 119th CONGRESS  1st Session
 H. R. 4304
 IN THE HOUSE OF REPRESENTATIVES
 July 7, 2025
  Ms. Titus  (for herself and  Mr. Khanna ) introduced the following bill; which was referred to the  Committee on Ways and Means
 A BILL
To amend the Internal Revenue Code of 1986 with respect to wagering losses.
1.
Short title
This Act may be cited as the   Fair Accounting for Income Realized from Betting Earnings Taxation Act  or  FAIR Bet Act  .
2.
Amendment to wagering loss provision
 Section 165(d)  of the Internal Revenue Code of 1986, as amended, is amended—
(1)
by striking  90 percent  and inserting  100 percent .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-07-07
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 with respect to wagering losses.

Sponsors

Rep. Dina Titus (D) sponsors H.R. 4304, and 25 members have co-sponsored it, 1 of them from the day it was introduced.

Committees

H.R. 4304 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Jul 7, 2025 · 1,160 Bills

Actions

H.R. 4304 has taken 4 actions since Jul 7, 2025, the latest on Feb 12, 2026.

ChamberAction
Feb 12, 2026
House
Motion to Discharge Committee filed by Ms. Titus. Petition No: 119-16. (<a href="https://clerk.house.gov/DischargePetition/2026021216">Discharge petition</a> text with signatures.)
Feb 12, 2026
House
Motion to Discharge Committee filed by Ms. Titus. Petition No: 119-16. ( Discharge petition text with signatures.)
Jul 7, 2025
House
Introduced in House
Jul 7, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 4304 has not gone to a roll call.

Titles

H.R. 4304 goes by 3 titles, 1 of them short titles.

  • Fair Accounting for Income Realized from Betting Earnings Taxation Act — Display Title
  • Fair Accounting for Income Realized from Betting Earnings Taxation Act — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 with respect to wagering losses. — Official Title as Introduced

Lobbying

15 clients hired 12 firms and 88 registered lobbyists who named H.R. 4304 in 57 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Gaming/Gambling/Casino, Indian/Native American Affairs, Financial Institutions/Investments/Securities, Real Estate/Land Use/Conservation, Law Enforcement/Crime/Criminal Justice, Agriculture, Sports/Athletics.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
BOYD GAMING CORPORATIONMulti-jursidictional gaming company.Nevada29$300K
AMERICAN GAMING ASSOCIATIONRepresent members' common business issues in areas of federal govt. and legisl. relationsDistrict of Columbia28$120K
NATIONAL THOROUGHBRED RACING ASSOCIATIONTrade association for the horse racing industry.Kentucky25$140K
DRAFTKINGS INC.Fantasy sports and sports wageringMassachusetts14$350K
MGM PUBLIC POLICY, LLChospitality and entertainmentDistrict of Columbia14$240K
FANDUELOnline Sports GamingNew York14$170K
SNOQUALMIE TRIBENative American AffairsWashington14$119K
BALLY'S CORPORATIONEntertainment companyRhode Island13$270K
CAESARS ENTERPRISE SERVICES, LLCGamingNevada13$270K
KATUMA, LLCAnalytics for parimutuel gaming.Florida13$172.5K
INTRALOT. INC.gaming services and systemsGeorgia12$240K
RED ROCK RESORTS, INC.Hospitality companyNevada12$120K
STILLAGUAMISH TRIBE OF INDIANSNative American AffairsWashington12$40K
AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS—District of Columbia12—
DRAFTKINGS INC. AND ITS AFFILIATESSports betting, lottery, taxation and online gamingMassachusetts12—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
BROWNSTEIN HYATT FARBER SCHRECK, LLP413$750K
INVARIANT LLC26$400K
KILPATRICK TOWNSEND AND STOCKTON26$159K
THE MADISON GROUP25$510K
TIBER CREEK GROUP15$300K
AMERICAN GAMING ASSOCIATION14—
BOYD GAMING CORPORATION14—
MEHLMAN CONSULTING, INC.14$170K
AKIN GUMP STRAUSS HAUER & FELD13$90K
GRAYROBINSON PA13$172.5K
AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS12—
DRAFTKINGS INC. AND ITS AFFILIATES12—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 88.

LobbyistFirmsClientsFilings
DAVID REID1311
HAROLD HANCOCK139
WILLIAM MOSCHELLA139
TRIPP MCKEMEY127
JOHN LOVING126
KEVAL PATEL126
RANSOM FOX126
RUSSELL SULLIVAN126
STEPHEN ANSTEY126
DREW CANTOR115
JAN BEUKELMAN115
JEFFREY SHAPIRO115
KYLA TAYLOR125
MARCUS MASON125
MARK WARREN125
ALEJANDRO CISNEROS114
ALEXANDER PERKINS114
ALEXANDRA COSTELLO114
ALFRED MOTTUR114
ALYENE MLINAR114

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTSAICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS2026 second_quarter$1.6M2nd Quarter - Report
AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTSAICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS2026 first_quarter$1.5M1st Quarter - Report
AMERICAN GAMING ASSOCIATIONAMERICAN GAMING ASSOCIATION2026 first_quarter$730K1st Quarter - Report
AMERICAN GAMING ASSOCIATIONAMERICAN GAMING ASSOCIATION2026 second_quarter$660K2nd Quarter - Report
AMERICAN GAMING ASSOCIATIONAMERICAN GAMING ASSOCIATION2025 fourth_quarter$610K4th Quarter - Report
AMERICAN GAMING ASSOCIATIONAMERICAN GAMING ASSOCIATION2025 third_quarter$520K3rd Quarter - Report
DRAFTKINGS INC. AND ITS AFFILIATESDRAFTKINGS INC. AND ITS AFFILIATES2026 first_quarter$290K1st Quarter - Report
DRAFTKINGS INC. AND ITS AFFILIATESDRAFTKINGS INC. AND ITS AFFILIATES2025 fourth_quarter$260K4th Quarter - Report
INTRALOT. INC.THE MADISON GROUP2026 second_quarter$120K2nd Quarter - Report
INTRALOT. INC.THE MADISON GROUP2026 first_quarter$120K1st Quarter - Report
BALLY'S CORPORATIONTHE MADISON GROUP2026 second_quarter$90K2nd Quarter - Report
DRAFTKINGS INC.INVARIANT LLC2026 second_quarter$90K2nd Quarter - Report
BALLY'S CORPORATIONTHE MADISON GROUP2026 first_quarter$90K1st Quarter - Report
DRAFTKINGS INC.INVARIANT LLC2026 first_quarter$90K1st Quarter - Report
CAESARS ENTERPRISE SERVICES, LLCBROWNSTEIN HYATT FARBER SCHRECK, LLP2026 first_quarter$90K1st Quarter - Report
BALLY'S CORPORATIONTHE MADISON GROUP2025 fourth_quarter$90K4th Quarter - Report
DRAFTKINGS INC.INVARIANT LLC2025 fourth_quarter$90K4th Quarter - Report
CAESARS ENTERPRISE SERVICES, LLCBROWNSTEIN HYATT FARBER SCHRECK, LLP2025 fourth_quarter$90K4th Quarter - Report
CAESARS ENTERPRISE SERVICES, LLCBROWNSTEIN HYATT FARBER SCHRECK, LLP2025 third_quarter$90K3rd Quarter - Report
DRAFTKINGS INC.INVARIANT LLC2025 third_quarter$80K3rd Quarter - Report

Classification

The Congressional Research Service files H.R. 4304 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 4304’s is Taxation.

hr4304/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 4304, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 116 (Monday, July 7, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. TITUS:H.R. 4304.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1[Page H3194]

Source: congress.gov · legiscan.com