IRS proposed rules would implement OBBBA’s 90% gambling loss cap, taxing some gamblers on income they never actually kept.

It was noted that since the U.S. Supreme Court decided in 2018 to allow states to determine whether to legalize sports betting, 38 states and Washington, D.C. started to allow some form of sports ...

North Carolina state Rep. Keith Kidwell is a strong opponent of gambling, but he spoke in a legislative committee Tuesday pushing for a bill that would help gamblers avoid the big tax hits that some ...

Poker tax shock: New U.S. rule limits gambling loss deductions to 90%, squeezing pros and pushing semi-retirement as ...

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 ...

NORFOLK, Va. — It's been just over a year since the opening of Rivers Casino Portsmouth, the state's first fully built, non-temporary brick-and-mortar casino gaming operation. The casino has allowed ...

The One Big Beautiful Bill Act (P.L. 119-21) changed the way the individual income tax treats income from gambling. Under the new law, taxpayers who itemize their deductions and professional gamblers ...

An addition to the One Big Beautiful Bill Act is poised to impact big gamblers' tax bills as it reduces the amount of ...

The continuing expansion of gambling means that financial advisors and tax professionals are more likely to work with clients who must report their betting income each year to the IRS. "For ...

The high-stakes world of professional poker players is getting a shake-up. According to CNBC, some of the game's most successful players say a new tax rule is making their careers increasingly hard to ...