Until now, someone who won $100,000 in a year and also had losses of $100,000 would pay no taxes on their gambling activity. For professional high-stakes gamblers, this made wagering worthwhile ...

Senior Congress and Campaigns Reporter Riley Beggin breaks down the signature policy changes laid out in the recently passed GOP budget.

A small provision added to President Donald Trump’s “One Big Beautiful Bill Act” — that came to light days before the ...

The Fair Bet Act, introduced by Representative Dina Titus (D), hopes to restore the 100% deduction for gambling losses.

An obscure provision in Donald Trump's 'big, beautiful bill' reduces the amount gamblers can deduct from taxes for betting losses.

The provision tucked into the “Big Beautiful Bill” limits tax deductions for gambling losses, while still requiring ...

Mike Florio takes a deep dive into why there in bipartisan effort to change the language of the gambling portion of the big, ...

Nevada Senator Dina Titus is presenting the FAIR BET Act, an amendment to the bill that would address the issue and reinstate ...

A buried provision in Trump's "Big, Beautiful Bill" limits gambling loss deductions to 90% while taxing 100% of winnings.

Professional poker players and sports bettors, and a handful of members of Congress, are demanding a change to the massive ...

We explain how Trump’s Big Beautiful Bill limits gambling loss deductions to 90%, sparking concern among gamblers and tax ...

VICI Properties has high dividend yield amid rising risks. See more on VICI's interest rate headwinds, sector concentration, ...