A new federal tax law will limit gambling loss deductions, impacting both professional and recreational bettors.

U.S. House of Representative members Dina Titus and Ro Khanna are introducing legislation to restore 100 percent deductions ...

A new tax cap on gambling loss deductions could raise high rollers' expenses and push gamblers toward prediction markets and ...

Titus, who brought attention to the “anti-gambling” provision added to the Senate version of the bill by a lawmaker from ...

Bettors previously deducted losses against winnings, only paying tax on net profits. Now, even legitimate business expenses ...

Nevada's Dina Titus takes aim at addressing the gambling tax details found in the One Big Beautiful Bill Act from President ...

President Donald Trump’s budget reconciliation has one big consequence for career gamers as a new rule on tax deductions threatens to “kill professional gambling.” Heading into the […] ...

Mike Florio unpacks how the Big, Beautiful bill affects professional gamblers and those who might be the most impacted by the ...

Democratic Representative Dina Titus (Nevada) vowed to deliver a “common sense fix” to the GOP mega bill backed by President ...

Under Section 70114 of the bill, tax deductions resulting from "losses from wagering transactions" will be reduced to 90%, ...

Democratic Nevada Rep. Dina Titus, who represents Las Vegas, said Friday she plans to introduce a bill to fix a provision in ...

On a day of patriotic celebration at the White House, the president signed the “Big, Beautiful Bill” a signature policy bill ...