Report: 'Big Beautiful Bill' Contains Troubling Tax On Gambling originally appeared on Paulick Report. An amendment in the One Big Beautiful Bill Act, which passed the Senate on Tuesday, would alter ...

Chris Dierkes just wrote the IRS a very big check. The professional gambler pays quarterly taxes, does everything by the book, and welcomes scrutiny. But come January 2026, he’s looking at a nightmare ...

Add Yahoo as a preferred source to see more of our stories on Google. Professional gamblers may need to find a new profession. The final version of the big, beautiful bill that will be signed into law ...

"Sharp bettors are looking for every place they can where they have an advantage." The post Professional Gamblers Move Into ...

Add Yahoo as a preferred source to see more of our stories on Google. President Donald Trump signs his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in ...

Professional gamblers say President Donald Trump's "Big, Beautiful Bill" is a bad bet. Deep inside the fiscal measure adopted Thursday, July 3, is a provision that limits income-tax write-offs for ...

WASHINGTON -- Senate Republicans on Thursday blocked an attempt to reverse a little-noticed provision from their tax and spending cuts law that professional gamblers warn could be the end of their ...

Gamblers now deduct all of their losses against winnings on their taxes but will have that deduction reduced to 90% of losses under the new law. Experts say the change could make professional gambling ...

The United States Senate’s version of the “One Big Beautiful Bill” (OBBB) proposes significant changes to how gambling winnings and losses are taxed. These changes could have far-reaching effects on ...

Professional gamblers, like sports bettors, rely on high volumes of play and statistical probability to generate thin profit margins. Now, a little-known amendment to the tax code included in the One ...

President Donald Trump signs his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in Washington, surrounded by members of Congress. Credit: Evan Vucci / AP ...

Professional gamblers may need to find a new profession. The final version of the big, beautiful bill that will be signed into law by President Trump on Friday contains the tax provision that limits ...