The tax code could drastically change for poker players in just a few weeks, causing the 10-time bracelet winner to consider retirement.

This suggestion stands in stark contrast to the effects of the major legislative Republican tax bill enacted in July.

The change, which was part of the Republican-authored and Donald Trump-supported One Big Beautiful Bill signed into law this ...

With just weeks to go before the 90% cap takes effect, Rep. Dina Titus asked the Ways and Means Committee to add her FAIR BET Act to the calendar.

If you’ve been waiting for the One Big Beautiful Bill tax changes for gambling losses to be reverted, you’re not alone. As Congress gets back to work, a big issue is on the table for gamblers and the ...

Legislation to restore a key gambling loss tax deduction still awaits further action as the U.S. House of Representatives returns to normal business. Congress has yet to act on legislation that would ...

The 90% limit on deductibility of gambling losses is scheduled to take effect with the first tax year beginning January 1, 2026. Despite the proximity to the law being in effect, there is a late‑stage ...

The recent NBA betting scandal that led to more than 30 arrests has spurred renewed regulatory and fan focus on illegal gambling and professional sports. Financial advisors, meanwhile, say the spike ...

It's a decent bet: Professional gamblers will become the first taxpayers ever to pay Uncle Sam for unrealized or "phantom" income in 2026. Processing Content That's because, barring changes to the One ...