A buried provision in Trump's "Big, Beautiful Bill" limits gambling loss deductions to 90% while taxing 100% of winnings.

The full deduction is limited to individuals with taxable income of less than $75,000 ($150,000 for joint filers). It shrinks ...

It’s President Donald Trump’s casino — and the house always wins. That is the crux of gamblers’ frustration after they read ...

The Republican megabill that is now law includes a key tax provision that has the gambling industry frustrated, and some ...

The change does not go as far as gamblers wanted, but it does provide much needed relief to a major pain point.

An amendment to the bill which passed the Senate on Tuesday could drastically reduce the ability of gamblers to turn a profit ...

Sen. Catherine Cortez Masto sought unanimous consent for the FAIR BET Act, but Sen. Todd Young objected to the bill.

Gamblers sounded the alarm over a new provision in President Donald Trump’s recently passed spending bill that imposes a $1.1 ...

Trump's "Big, Beautiful Bill" will change how gambling losses can be deducted, but one Arkansas casino says the impact will ...

The City Council voted to reject a land-use change for Bally’s to open a casino at the Bronx golf property formerly operated ...