Donald Trump, signed by tax legislation, which he called the “big and beautiful”, caused sharp discontent among gambling and representatives of the gambling industry. The reason is that a new tax position that limits the loss of loss of 90% of the winnings. This will enter into force in 2026 and can damage both professionals and ordinary players.
Axios reports this, referring to tax analysts and industry representatives. According to preliminary estimates of the budget of the Congress, the new norm will allow the government to increase to $ 1 billion in the form of additional income.
Previously, players could write off 100% of their losses. But, as a new rule, even if a person won and lost the same amount – for example, $ 100,000 – he will have to pay an income tax of $ 10,000. “
The professional power of Phil Galfund wrote that the innovation “can put an end to a professional gambling game in the United States.” Users X, especially fans of Fanduel and DraftKings, doubt the continuation of the game after entering into force of the law.
“This is rage. People feel devotee, ”said the Executive Director of the Axios International Institute of Igor Unlv Brett Abarbnel.
According to him, the emotional reaction in the network is evidence of a deep disappointment. The most indignation is the fact that the tax model is changing for millions of people who regularly make bets.
“This problem will remain painful during the 2026 election campaign, if politicians do not interfere. Abroad can strengthen when people in their own experience feel the consequences during the tax season, ”says Abarbanel.
In response to public discontent, some legislators have already proposed to cancel the proposed norm. Congress -Democrat Dina Titus introduced the law of a “fair rate”, which provides for the return of the opportunity to fully write off gambling from victories.
Representatives of the industry also support the idea of Titus. Draftkings and the American Azard Association announced their readiness to cooperate with the government to “restore a fair tax regime.”
At the same time, the Republicans in the Senate Financial Committee admitted that the tax position is “almost imperceptibly.” Senator Tom Tillis called this “bad politics” and admitted that he was so focused on other matters that he did not notice this norm.
As OBOZ.UA already reported, gross income from gambling in the USA of Nevada is declining. In May 2025, state gaming institutions brought $ 1.29 billion, which is 2% less than in May last year. An even more noticeable fall is registered in the main direction of gambling games-las-Vegas stip, which is the most famous casino.
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Source: Obozrevatel
I am a journalist who writes about economics and business. I have worked in the news industry for over 5 years, most recently as an author at Global Happenings. My work has focused on covering the economy news, and I have written extensively on topics such as unemployment rates, housing prices, and the financial crisis. I am also an avid reader and have been known to write about books that interest me.
