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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...
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...
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...
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...
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...
A Nigerian man has revealed that he lost ₦4.1 million within seven hours after gambling on virtual games for four hours without recording a single win. The man, who opened up abo...
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...
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...
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...
Weil Onlinecasinos illegal waren, können Spieler ihre Verluste bei den Veranstaltern einklagen. Der Bundesgerichtshof ist bereit zu helfen. mehr...
by Jack McGeever at CDN - A former college student who previously lost more than $100,000 gambling on sports turned to prediction markets after moving home to Utah, where betting...
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.
Indian casino operator Delta Corp reported a consolidated net loss of approximately ₹106 crore (INR1.06 billion) for the second quarter of FY27, compared with a profit of ₹...
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...
After a bad run, it is easy to think that one more game could change things. Maybe increasing the bet will help recover the loss faster. Maybe the next few rounds will go better. B...
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...
Gary Benson previously won his gambling debt case, and now, a court says he can't collect the money.
Jiaying Chen, who tricked multiple men into fraudulent marriages to steal over $300,000 for her Las Vegas gambling habit, was sentenced Tuesday (Oct. 6) to nearly a year in Clark C...
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...
It doesn’t matter if you gamble in a casino, on sports, or online. Having a clear budget can help you keep your spending in check. Keep in mind that you should only bet money that...
A 25-year-old Connecticut man has pleaded guilty to federal fraud and money laundering charges after using money entrusted to him for cryptocurrency investments to gamble on offsho...
A ProPublica experiment examines how DraftKings’ VIP program rewarded escalating losses as responsible-gaming warnings collided with promotions. The post Losses, Warnings and a Dra...
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...
A federal judge has accused the Scotts Valley Band of Pomo Indians of “rolling the dice” by pouring $10 million into its proposed Vallejo, Calif., casino despite knowing the projec...
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