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Donald Trump · Las VegasBy Jeremy Herb, CNN (CNN) — Professional poker players and sports bettors, and a handful of members of Congress, are demanding a change to the massive tax and spending bill President Donald Trump signed into law last week, arguing that a provision tucked into the measure late in the legislative process unfairly taxes gamblers on “phantom” winnings. The new legislation changed the way gamblers deduct their losses on their taxes. Currently, gambli…See the Story
Why an Obscure Provision in Trump’s Big Agenda Bill Has Gamblers Crying Foul | News Channel 3-12
46% Center coverage: 13 sources
Donald Trump · United StatesProfessional gamblers say President Donald Trump’s “Big, Beautiful Bill” is a bad bet. Deep inside the fiscal measure adopted Thursday, July 3, is a provision that limits income-tax write-offs for gambling losses. “Yikes,” professional poker player Phil Galford wrote on X. “Senate amendment to the Big Beautiful Bill=you get taxes on more than you earned from gambling, even if you netted $0 (or less!).” “Poker as we know it is under attack in Ame…See the Story
Gamblers Say ‘Big, Beautiful Bill’ May Force Them to Fold
42% Left coverage: 12 sources
Annual Saratoga Summer Meet Primed for Opening Day
100% Center coverage: 1 sources
![[Opinion] California Attorney General Says Daily Fantasy Sports Are Illegal in the State](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fgeneric_3_half.64d0bbed.webp&w=1440&q=75)
