U.S. House of Representative members Dina Titus and Ro Khanna are introducing legislation to restore 100 percent deductions ...

Nevada's Dina Titus takes aim at addressing the gambling tax details found in the One Big Beautiful Bill Act from President ...

Mike Florio unpacks how the Big, Beautiful bill affects professional gamblers and those who might be the most impacted by the ...

Professional gamblers and tax advisers are warning that a little-noticed line in Senate Republicans' 900-page "One Big ...

An amendment to the bill which passed the Senate on Tuesday could drastically reduce the ability of gamblers to turn a profit ...

Bettors previously deducted losses against winnings, only paying tax on net profits. Now, even legitimate business expenses ...

A new tax cap on gambling loss deductions could raise high rollers' expenses and push gamblers toward prediction markets and ...

A relatively underappreciated constituency is raising the alarm about President Donald Trump’s “big, beautiful bill” — ...

Report: 'Big Beautiful Bill' Contains Troubling Tax On Gambling originally appeared on Paulick Report.

Under Section 70114 of the bill, tax deductions resulting from "losses from wagering transactions" will be reduced to 90%, ...

When President Donald Trump signs his so-called big, beautiful bill into law Friday, much of the focus will be on its ...

Previously, gamblers could deduct all their losses from their declared income, while still having to pay taxes on their ...