Industry4 min read
New 90% Gambling Loss Cap Stings Bettors in 2026
The 'One Big Beautiful Bill' capped gambling loss deductions at 90%, meaning you'll owe taxes on phantom winnings. But the $2K slot threshold helps.
The Degenerate StaffJan 13, 2026
#IRS6 articles
Industry3 min read
The 90% Gambling Loss Deduction Cap Is Going to Wreck Some Bettors
New tax law caps gambling loss deductions at 90% of winnings. If you're a high-volume bettor, the IRS just made your life significantly worse.
Sharp Money MikeJan 6, 2026
Casino3 min read
Finally: Slot Jackpots Under $2,000 Won't Trigger a Tax Form Anymore
The IRS just made your 2026 casino trips slightly less annoying. The new W-2G threshold is $2,000, up from the ridiculous $1,200 that's been in place since 1977.
Vegas VicJan 6, 2026
Industry3 min read
New 2026 Gambling Tax Rules Hit Your Wallet Today
Two major gambling tax changes take effect January 1: the slot jackpot reporting threshold rises to $2,000, and gambling loss deductions drop to 90%.
The Degenerate StaffJan 1, 2026
Industry3 min read
The New 90% Gambling Loss Deduction Is Going to Screw High-Volume Bettors
The One Big Beautiful Bill Act cuts your gambling loss deduction from 100% to 90%, creating taxable 'phantom income' starting in 2026. Here's what it means.
The Degenerate StaffDec 24, 2025
Casino4 min read
IRS Raises Slot Jackpot Tax Threshold to $2,000 Starting 2026
Fewer W-2Gs in your future. The IRS just raised the slot machine tax reporting threshold from $1,200 to $2,000. Here's what every slot degen needs to know.
Vegas VinceDec 19, 2025