U.S. Gambling Industry Sounds Alarm Over Hidden Tax Clause in Trump’s One Big Beautiful Bill Act
Wednesday 13 de August 2025 / 12:00
⏱ 1 min read
(Las Vegas).- The U.S. gaming community is raising concerns over a little-known provision tucked into the nearly 900-page One Big Beautiful Bill Act, signed by President Donald Trump. Set to take effect on January 1, 2026, the new law will cap gambling loss deductions at 90%, sparking backlash from professional players and industry experts.
Under current tax rules, gamblers—both professional and casual—can deduct 100% of their losses against winnings, paying taxes only on net profits. The upcoming change will force players to pay taxes on “phantom income,” with Congress estimating an additional $1 billion in revenue over the next decade.
The impact could be severe for high-stakes professionals. For example, a player who wins $3 million but loses $2.8 million would be taxed on $480,000 they never actually pocketed. Poker icon Phil Galfond and legal expert Nelson Rose warn this could lead to business closures and a migration of players to countries with more favorable tax laws.
Casual bettors and platforms like Kalshi.com—classified outside traditional gambling—will remain unaffected. Notably, Donald Trump Jr., a strategic advisor to Kalshi, has publicly supported its expansion.
Industry leaders fear the reform could drive players toward unregulated markets, undermining the record $72 billion in commercial gaming revenue reported in 2024. As the law reshapes the fiscal landscape, it may also redefine the future of U.S. gambling.
Categoría:Legislation
Tags: Sin tags
País: United States
Región: North America
Event
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
