“OBBBA Cheats Gamblers
—Taxes Fictional Income”
To get my complete article
with all the details…
The New Tax Law Can Tax Gamblers on Money They Never Won
If you gamble—whether casually or professionally—prepare for a shocking change starting in 2026.
The One Big Beautiful Bill Act (OBBBA) just imposed a devastating new restriction that could force you to pay taxes on fictional income.
Here’s what’s happening in 2026.
- Casual gamblers will deduct 90% of their losses (not 100%)
- Professional gamblers will deduct 90% of losses AND expenses
- That missing 10%? Gone forever—no carryforward, no relief
Real Example: Win $25,000, lose $25,000? You’ll still owe taxes on $2,500 of income you never actually earned.
Some professional gamblers are so outraged they’re threatening to renounce their U.S. citizenship.
The good news? Some members of Congress are scrambling to fix this “mistake.”
The bad news? There’s no guarantee anything will happen.
CLICK HERE to read my completely new article titled:
“OBBBA Cheats Gamblers
—Taxes Fictional Income”