Nevada Democrat Catherine Cortez Masto sought to pass legislation that would restore full deductibility of wagering losses.

A provision added to the GOP's budget law has the gambling industry up in arms — but just who put it in is a mystery.

Senate Republicans on Thursday blocked an effort by Sen. Catherine Cortez Masto (D-Nev.) to restore the 100 percent tax ...

Lawmakers approved language that would implement a 90% cap on how much gamblers can deduct from their losses against winnings ...

A s Americans sift through the wreckage of Donald Trump’s One Big Beautiful Act and begin to understand just how damaging it ...

President Donald Trump's tax bill, signed into law July 4, reduces how many losses a gambler can deduct. Here's how the ...

Senate Republicans are rejecting an attempt to reverse a provision from their new tax law that changes the taxation of ...

Patel faces six counts of grand theft. In Florida, grand theft of at least $100,000 is a first-degree felony punishable by a ...

A captain in the infamous Lucchese crime family was sentenced to nearly two years in prison for running a lucrative and ...

A small provision added to President Donald Trump’s “One Big Beautiful Bill Act” — that came to light days before the ...

Under prior law, taxpayers could deduct gambling losses up to the extent of their winnings from their taxable income. A ...

Nevada lawmakers are pushing to reverse a federal tax change that limits how much gamblers can deduct in losses. They warn ...