Tax laws previously allowed gamblers to deduct up to 100% of their gambling winnings as losses with itemized deductions. That drops to 90% of their winnings for the 2026 tax year, Kiplinger said. The ...
President Donald Trump’s “One Big Beautiful Bill” (OBBB) Act included awful provisions that will negatively affect gamblers. However, this is one bright spot for the gambling world. The tax and ...
Every gambler knows the pain that comes with certain wins. You finally hit the bonus on your slot machine, and the win total comes in at $1,200 or higher. That means your machine will lock up, and a ...
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