Chris Dierkes just wrote the IRS a very big check. The professional gambler pays quarterly taxes, does everything by the book, and welcomes scrutiny. But come January 2026, he’s looking at a nightmare ...

A tiny passage in President Trump's One Big Beautiful Bill (OBBB) Act can potentially massively disrupt the professional sports betting industry in the U.S. Under the new law, professional gamblers ...

Professional gamblers, like sports bettors, rely on high volumes of play and statistical probability to generate thin profit margins. Now, a little-known amendment to the tax code included in the One ...

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

It's a decent bet: Professional gamblers will become the first taxpayers ever to pay Uncle Sam for unrealized or "phantom" income in 2026. Processing Content That's because, barring changes to the One ...

As the crisp New Hampshire fall approaches, bringing with it football season and weekend casino trips, there’s a new tax rule on the horizon that might change how you think about your next bet.

This is an archived article and the information in the article may be outdated.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. INDIANAPOLIS — A small change in the “One, ...