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Taxpayers who itemize federal returns will likely be able to deduct 100% of their gambling losses against winnings for the 2026 tax year. On Wednesday (Sept. 16), the House Ways an...
The House Ways and Means Committee today moved a tax package forward that includes language for 100% tax deduction of gambling losses, a crucial step to restore the full deduction...
A congressional effort to reverse a federal tax change affecting gambling losses moved forward this week after the House Ways and Means Committee approved legislation aimed at rest...
Efforts to restore the full 100% tax deduction for gambling losses gained momentum this week after a House committee moved to repeal a key provision from the One Big Beautiful Bill...
Rep. Dina Titus (D-NV) reported her gambling loss tax deduction plan will be included in a tax package the House Ways and Means Committee will consider for approval this week. Titu...
A bipartisan crypto tax bill could restore the full gambling-loss deduction, but the proposal faces House and Senate votes before becoming law. The post Crypto Tax Bill Could Resto...
Does anyone really understand the 10% issue. Let’s say you have $50,000 in tax forms but $100,000 in losses. Can you still claim $100,000 in losses so you don’t need to pay t...
U.S. Rep. Dina Titus (D-NV) isn’t backing down from her fight to fully restore the federal gambling loss deduction, continuing her push for the House Ways and Means Committee to ad...
A bill that includes an industry-backed provision to restore horseplayers' ability to claim 100% of their losses against any winnings in tax filings took a step forward Sept. 16.
William West Roberts, 57, was initially arrested in Las Vegas in April after an investigation by the Nevada Gaming Control Board and the FBI.
Finland’s Supreme Administrative Court has ruled that a professional bettor can deduct losing wagers from taxable betting income, ending a dispute that lasted more than five years...
Here's an article about it: https://sbcamericas.com/2025/07/14/obbba-change-slot-tax-reporting/
A former executive at a social media firm with close ties to President Donald Trump spent 200 days gambling at a South Florida Hard Rock casino in a single year, allegedly feeding...
Gary Benson previously won his gambling debt case, and now, a court says he can't collect the money.
Criminal charges have been dropped against a Las Vegas handicapper accused of running an $8 million illegal gambling operation, months after an investigation triggered by his ex-gi...
A Las Vegas gambler accused of running an illegal sportsbook allegedly continued taking bets after his arrest—including from the undercover agent investigating him—prosecutors said...
The state estimates the prediction market has collected up to $61.2 million in fees from illegally-placed wagers placed by users in Utah.
A 36-year-old Indiana woman is accused of trying to cash a winning $1,400 sports betting ticket at Blue Chip Casino in Michigan City, Ind., despite allegedly knowing the payout had...
A CBS News investigation into sports gambling found that companies like FanDuel push hard to keep gamblers engaged and wagering, even as their losses pile up. Jim Axelrod has more.
California could plausibly support a regulated online gambling market worth roughly $12 billion a year. That would bring in more than $1 billion in tax revenue for the state every...
The Federal Trade Commission is reportedly taking its first hard look at online sports betting. According to the Washington Sun, political appointees and career staff are reviewing...
It comes after former Chancellor Rachel Reeves put up taxes on remote gaming - including online casinos and slots - from 21% to 40% in her last Budget.
A former manager of a West Virginia nonprofit veterinary clinic has admitted embezzling more than $624,000 from his employer to feed an online gambling addiction—ultimately losing...
A former college basketball player who defrauded cryptocurrency investors and gambled away their money on offshore casino Stake.com has pleaded guilty to federal fraud and money la...
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