Bettors are worried Trump’s ‘big, beautiful bill’ could cause professional gambling in the U.S. to fold
A relatively underappreciated constituency is raising the alarm about President Donald Trump’s “big, beautiful bill” — gamblers. Tucked into the nearly 900-page legislation is a change to how gambling losses are taxed that some professional and amateur bettors say could crush the industry. The provision, only a few paragraphs, would limit what gamblers can deduct from their…
