Several figures in the poker world have criticized the tax change Poker Hall of Famer Erik Seidel has raised concerns that a new US gambling tax rule could push him toward scaling back, or even stepping away from, tournament poker. The longtime pro says the change creates financial pressure that makes high-level play far less
Tag: one big beautiful bill
Gambling Loss Deductions Bill That Emerged as a Result of the Big Beautiful Bill Blocked
So far, efforts to protect gamblers from the major tax overhaul aren’t going well Efforts to reverse a controversial tax change affecting professional gamblers hit a roadblock yesterday when Senate Republicans blocked a Democratic-led proposal aimed at restoring full gambling loss deductions. Senator Catherine Cortez Masto of Nevada sought unanimous consent for the measure, but

