As we step into 2026, gamblers across the United States must urgently adjust to the changes to the gambling losses tax brought about by the One Big Beautiful Bill Act (OBBBA). Signed into law in 2025, ...

I started my research into gambling and its adverse effects in 2014. At the time, Australia’s annual gambling losses were ...

High-stakes gamblers took a loss on Capitol Hill when the bid in the House of Representatives to fully restore the federal tax deduction for gambling losses failed. That development left in place a ...

CLEVELAND - U.S. Rep. Max Miller has introduced bipartisan legislation that would reverse a recent change in federal tax law that forces gamblers to pay taxes on money they never actually earned.

An Oklahoma senator’s opposition threatens to stall bipartisan efforts to restore the 100% gambling loss tax deduction. The current 90% deduction taxes “phantom” income and could deter high-value ...

Under new tax laws that went into effect on January 1, 2026, gamblers will have to pay taxes on some of their winnings even if they break even or lose money overall for the 2026 tax year. The new tax ...

Every year, the Super Bowl becomes the biggest night for sports betting in the United States. Billions of legal wagers are placed across states and platforms. And this year is no different. The ...

If you’re into gambling or planning to hit the World Series of Poker (WSOP), there’s something critical you need to know about: the “gambling winnings tax.” A major change to the tax code in 2026 is ...