Ante up: Trump’s budget bill stacks the cards against gamblers, saddling them with a notably higher tax bill

fortune.com/2025/07/07/trump-budget-bill-gamblers-taxes-losses

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, you’ll still face a tax bill. Pro gamblers are rallying against the act, as are other…

This story appeared on fortune.com, 2025-07-07 15:44:53.
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