US EditionHow Trump’s ‘Big, Beautiful Bill’ Could Impact Gamblers
- Rep. Dina Titus warned on July 2, 2025, that a Republican tax bill would significantly impact gaming and professional gamblers in the US.
- The bill includes a provision reducing deductible gambling losses from 100% to 90%, which could force gamblers to pay taxes on more than their net winnings.
- Kentucky's $1 billion horse racing industry could be severely harmed, with bettors facing potentially excessive tax burdens, while offshore gambling might increase.
- Professional poker player Phil Galfond pointed out that taxes may apply to amounts exceeding actual gambling profits, meaning you could owe taxes despite breaking even or losing money.
- If passed as is, the bill will be debated on the House floor, and Titus pledged to vote against it due to its risks to gamblers and gaming economies.
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A surprising new coalition is speaking out against President Donald Trump's budget: gamblers. Both amateur and professional gamblers are opposing the bill because of a provision that would tax their winnings and limit the amount of losses they can deduct, Bloomberg reported Wednesday. The 900-page b...
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Minnesota progressives sound alarm over Trump tax bill
Even as U.S. House struggled to wrangle the votes to pass President Donald Trump’s major domestic policy initiative Wednesday, Minnesota progressives, food shelves and health care advocates sounded the alarm over the “big, beautiful bill” that would deliver steep cuts…
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Leaning Left6Leaning Right1Center1Last UpdatedBias Distribution75% Left
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75% Left
L 75%
13%
13%
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