President Donald Trump has opened the door to a dramatic shift in how Washington treats gambling, telling reporters he is willing to consider scrapping federal taxes on gambling winnings. The idea, ...

States are battling prediction markets like Kalshi and Polymarket, but the real issue may be the millions in lost tax revenue ...

If you’re into gambling or planning to hit the World Series of Poker (WSOP), there’s something critical you need to know about: the “gambling winnings tax.” A major change to the tax code in 2026 is ...

In the wake of the House Rules Committee blocking the FAIR Bet Act, new legislation has already been introduced to repeal the new gambling tax law. H.R. 6985 is a new bipartisan House bill that would ...

Congressional gridlock and a federal shutdown stall efforts to restore full gambling loss tax deductions before 2026. Wednesday’s federal government shutdown has become Congress’ No. 1 priority, ...

The U.S. commercial gaming industry reached a record high in 2025, generating $78.72 billion in gross gaming revenue (GGR), a 9.2 percent increase over the previous year, according to the American ...