Taxes April 17, 2026
Making Tax Sense Out of March Madness
Stakeholders in the gambling industry have strenuously objected to the provision in the OBBBA limiting gambling losses.
Taxes April 14, 2026
New Tax Rule Raises the Stakes for Gamblers, CPAs Say
A change in federal tax law taking effect this year could leave some gamblers owing taxes even when they lose money by limiting how much they can deduct in losses when they file their tax returns.
Taxes January 23, 2026
New Effort to Restore Gambling Loss Tax Deduction Busts in House
The House Rules Committee declined to advance an amendment to a larger spending bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings.
Taxes January 20, 2026
Reps. Miller and Horsford Introduce House Bill to Restore Gambling Loss Tax Deduction
The Facilitating Useful Loss Limitations to Help Our Unique Service Economy Act would restore the long-standing rule allowing gamblers to deduct 100% of their gambling losses against their winnings.
Taxes January 5, 2026
Bettors’ Phantom Winnings—in Nevada and Elsewhere—Now Face Real Tax Liability
Gamblers and casual bettors nationwide face a new tax reality: Starting in 2026, they can deduct just 90% of their losses against winnings, a drop from the prior full 100% allowance.
Taxes December 18, 2025
IRS Confirms $2K Slot Jackpot Threshold Set to Begin in 2026
The confirmation follows Monday’s posting of a draft IRS Form W-2G, reflecting changes mandated by the OBBBA, which amended federal information-reporting requirements for certain payments, including casino gambling winnings.
Taxes December 12, 2025
Las Vegas Casino Heavyweights Implore Congress to Restore Gambling Loss Tax Deduction
The casino executives—Derek Stevens of Circa, Tom Reeg of Caesars Entertainment, and Craig Billings of Wynn Resorts—are pressing lawmakers for the restoration of the 100% deduction for gambling losses, which was reduced to 90% under the One Big Beautiful Bill Act.
Taxes October 29, 2025
IRS Tax Lien Revealed Against Miami Heat’s Terry Rozier, Who Was Arrested in NBA Gambling Scandal
ESPN reported that the IRS filed a $8,218,211 federal income tax lien in Broward County, FL, where Rozier has a residence, against the Miami Heat guard in November 2023.
Taxes October 17, 2025
JB Pritzker and His Wife Report $10.3 Million in Taxable Income, $1.4 Million in Gambling Winnings
The Democratic Illinois governor offered a simple explanation on Oct. 16 for how he took home more than $1.4 million in gambling winnings last year: "I like to play cards."
Taxes September 2, 2025
IRS-CI is Cracking Down on Illegal Sports Gambling
As the NFL season is set to begin on Thursday night and with the first official week of college football in the books, the IRS Criminal Investigation unit has a message for sports bettors: Bet safe. Bet legal.
Taxes August 13, 2025
GOP’s Gambling Tax Change Seen as Threat to States’ Revenues, Legitimate Casinos
Gaming experts assembled by Rep. Dina Titus, D-Nev., for a town hall bemoaned a tax change included in the One Big Beautiful Bill Act, saying it would benefit gaming markets not contributing to states' revenues.
Taxes August 5, 2025
Ted Cruz Pushes to Save Poker Pros From Surprise Tax Hit in Trump’s One Big Beautiful Bill Act
The Republican Texas senator has joined with Nevada Democrats on legislation to restore the full deductibility of losses, saying it’s a matter of basic fairness for professional players who depend on their winnings to pay their bills.