Rep. Titus Makes Late Push to Restore 100% Gambling Loss Tax Deduction [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
Rep. Dina Titus wrote a letter to Ways and Means Committee chairman Rep. Jason Smith, asking for the FAIR BET Act to be added to the committee calendar before a year-end deadline. Titus introduced the bill in July, a few months before the government shutdown. A casino and sportsbook owner in Las Vegas said he met with other gambling leaders, all of whom support the bill. Changing deductions to 90% could lead to bettors paying taxes on money they didn't profit from. While Trump's recent comments offer hope that winning gamblers can retain a larger share of their profits, his Big Beautiful Bill has already taken from both winning and losing bettors. The Bill, signed into law July 4, will reduce deductions for gambling losses from 100% to 90%. That means beginning in 2026, bettors who win more than they lose can still have a net-negative year, and that losing bettors could still owe money in taxes. Titus' FAIR BET Act would restore the 100% deduction from the “unfair 90% tax
Show less
Read more
Impact Snapshot
Event Time:
DKNG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DKNG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DKNG alerts
High impacting DraftKings Inc. - Class A news events
Weekly update
A roundup of the hottest topics
DKNG
News
- Jake Paul vs. Anthony Joshua: fight date, details, and odds [USA TODAY]USA TODAY
- Here's How Packers' Star QB Jordan Love Can Win The MVP [Forbes]Forbes
- NFL Week 14 Fantasy Football DFS DraftKings Stacks And Value Plays [Forbes]Forbes
- DraftKings (NASDAQ:DKNG) had its "buy" rating reaffirmed by analysts at BTIG Research.MarketBeat
- Connecticut Orders Robinhood, Crypto.com, & Kalshi To Stop Prediction Markets [zero hedge]zero hedge
DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/5/25 - Form 4
- DKNG's page on the SEC website