A new tax law effective in 2026 limits gambling loss deductions to 90% of winnings. Learn how this creates "phantom income" ...

Resistance threatens bipartisan efforts to restore full gambling loss tax deductions and could keep higher taxes in place for gamblers.

An impending law change that will cut loss deductions to 90% is starting to impact the U.S. gambling sector, but there's hope for a resolution in '26.

If you’ve been waiting for the One Big Beautiful Bill tax changes for gambling losses to be reverted, you’re not alone. As Congress gets back to work, a big issue is on the table for gamblers and the ...

The 90% limit on deductibility of gambling losses is scheduled to take effect with the first tax year beginning January 1, 2026. Despite the proximity to the law being in effect, there is a late‑stage ...

The recent NBA betting scandal that led to more than 30 arrests has spurred renewed regulatory and fan focus on illegal gambling and professional sports. Financial advisors, meanwhile, say the spike ...

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Gambling can be thrilling, but it can also lead to huge losses. Throughout history, there have been many stories of people who lost a lot of money due to their gambling habits. This article looks at ...

HIALEAH, Fla. — A Hialeah man is facing several felony charges after police said he committed a terrifying armed robbery at a food store in an apparent rage over having lost money at its gambling ...

Large language models repeatedly chased losses, escalated risk and even bankrupted themselves in simulated gambling ...