President Donald Trump signs his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in Washington, surrounded by members of Congress. (AP Photo/Evan Vucci) ...

New 2026 gambling tax limits loss deductions to 90%, raising taxes for bettors. Learn how Congress is responding and what ...

LAS VEGAS (FOX5) — There are growing calls by gamblers, resorts and casinos and Southern Nevada lawmakers for Congress to change tax laws before January 1, 2026. Gaming leaders warn that the ...

Gamblers now deduct all of their losses against winnings on their taxes but will have that deduction reduced to 90% of losses under the new law. Experts say the change could make professional gambling ...

WASHINGTON (AP) — Senate Republicans on Thursday blocked an attempt to reverse a little-noticed provision from their tax and spending cuts law that professional gamblers warn could be the end of their ...

WASHINGTON — Senate Republicans on Thursday blocked an attempt to reverse a little-noticed provision from their tax and spending cuts law that professional gamblers warn could be the end of their ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. WASHINGTON (AP) — Senate Republicans on ...