‘WTF Is Happening’: Gambling Reacts to Proposed Trump Tax Changes

New Gambling Tax Provision in Senate Bill Threatens US Poker Industry

A last-minute amendment to the Senate’s version of President Trump’s One Big Beautiful Bill Act, an extension to the Tax Cuts and Jobs Act (TCJA), may have serious and far-reaching consequences for the US poker industry. The provision, passed on July 1, limits players to deducting 90% of their total gambling losses, regardless of how much they actually won. If enacted into law, the change would require many poker players to pay taxes on income t…

‘WTF Is Happening’: Gambling Reacts to Proposed Trump Tax Changes

The latest version of President Donald Trump’s tax bill includes a notable change to how poker players and sports gamblers are taxed, one that could further upend an industry undergoing rapid upheaval. Under current rules, gamblers who itemize can deduct all their losses against their winnings, meaning if they break even (or lose money) in […]