As we step into 2026, gamblers across the United States must urgently adjust to the changes to the gambling losses tax brought about by the One Big Beautiful Bill Act (OBBBA). Signed into law in 2025, ...

Point guard Fred VanVleet recently shared a story about an NBA fan approaching him in church over a gambling result. The Houston Rockets starter has yet to play a game this season due to injury, but ...

An Oklahoma senator’s opposition threatens to stall bipartisan efforts to restore the 100% gambling loss tax deduction. The current 90% deduction taxes “phantom” income and could deter high-value ...

CLEVELAND - U.S. Rep. Max Miller has introduced bipartisan legislation that would reverse a recent change in federal tax law that forces gamblers to pay taxes on money they never actually earned.

Under new tax laws that went into effect on January 1, 2026, gamblers will have to pay taxes on some of their winnings even if they break even or lose money overall for the 2026 tax year. The new tax ...

High-stakes gamblers took a loss on Capitol Hill when the bid in the House of Representatives to fully restore the federal tax deduction for gambling losses failed. That development left in place a ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The One Big Beautiful Bill Act of 2025 was signed into law on July 4. While many ...

I started my research into gambling and its adverse effects in 2014. At the time, Australia’s annual gambling losses were ...

Nearly three times as many Pennsylvania adults gamble online today than just a few years ago. And as online platforms make ...

Whether it’s while watching a YouTube video or streaming a TV series, it feels like every other advertisement is for an ...

Danny Funt’s book makes clear that addiction is just one of many problems in the new age of legalized betting ...