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

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

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 ...

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

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

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

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

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

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

Hull had just hit her tee shot on the fourth hole Thursday at the Evian Championship when she reportedly collapsed for a ...

A lucky gambler playing a card game won one of the biggest jackpots at a Connecticut casino. Now the player is a millionaire.