The U.S. Trotting Association announced Monday (Dec.
that it has formally signed on to endorse the WAGER Act (H.R. 4630), federal legislation introduced by Rep. Andy Barr (R-KY) that would restore the full, 100% deductibility of gambling losses.
“The WAGER Act delivers meaningful tax fairness for horseplayers and strengthens the wagering environment that our sport depends on,” said Tanner. “By restoring the full deduction for wagering losses, this legislation supports everyday bettors, protects handle, and helps ensure that pari-mutuel wagering remains competitive in a rapidly evolving gambling market.”
