Trump’s budget bill stacks the tax odds against gamblers. Starting in 2026, gamblers will only be able to deduct 90% of their losses, versus 100% today. That means even if you break even for the year,

Gamblers sounded the alarm over a new provision in President Donald Trump’s recently passed spending bill that imposes a $1.1 billion tax increase by limiting the deductibility of gambling losses. The change,

A relatively underappreciated constituency is raising the alarm about President Donald Trump’s “big, beautiful bill” — gamblers