Gambling & The Big Beautiful Bill


I don’t know if you saw the one about wagering losses, right? That you can only deduct your wager earning your betting losses versus you know the wins to offset your wins. Now there’s an additional provision that says you can only deduct 90% of your losses against your wins. So like at a certain level. You’re going to have to pay taxes on your, on your gambling winnings. And I guess this is an acknowledgement what a big part of our society now this gambling is. Right. And and they’re gonna say, you know, they really, okay. Well it feels to me they’re kind of accepting and saying, okay, we’re just, we’re gonna make sure you pay some tax. I mean, what are your thoughts?

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