Trump's 'Big, Beautiful Bill' Could Spell Trouble for Gamblers: What to Know

Surprising Detail Buried in Trump’s Big Bill Has Angry Republicans Talking About Repeal

Some Republicans are now scrambling to undo a surprise part of President Donald Trump’s massive 2026 budget bill — after already voting for it. NBC News reports that a little-known clause buried in the bill would hit gamblers with a new tax — and many lawmakers say they had no idea it was there. One professional sports bettor warned it could be “potentially catastrophic for the industry.” NBC’s Sahil Kapur explained: “The clause would reduce the…

Trump's 'big, beautiful bill' could spell trouble for gamblers: What to know

A gambling tax provision in President Trump’s megabill that passed Congress earlier this month is ruffling feathers on both sides of the aisle.  Tucked into the approximately 1,000-page tax and spending cuts plan is a measure that experts say will make it more expensive for gamblers to lose, and that some Republicans say they weren’t even aware of until after it passed. Here are a few things to know about the change to the gambling tax. What doe…

Congress regrets lowering gambling tax deductions, wants to change it back

Republicans reduced the tax deduction for gambling losses from 100% to 90% in the budget reconciliation package known as the “Big Beautiful Bill.” Now, they want to change it back, due to concerns that it will harm the casino industry and punish gamblers for “phantom” income.  The lower deduction is set to take effect Jan. 1, 2026, but some lawmakers want to rescind the measure now. Lawmakers, specifically those representing Nevada, have introdu…