Industry4 min read
NY iGaming Push Returns: Addabbo's $2M License Bill
Senator Addabbo introduces online casino bill with 30.5% tax rate and $2M license fees. Fourth consecutive year pushing iGaming in Albany.
The Degenerate StaffJan 11, 2026
#Legislation6 articles
Industry4 min read
NY Lawmaker Wants to Ban Live Betting Entirely
A New York bill would eliminate in-play sports betting statewide, killing roughly half of all sportsbook handle. The offshore books are licking their chops.
The Degenerate StaffJan 10, 2026
Industry5 min read
Phantom Winnings Tax Now in Effect: Gamblers Owe on Breakeven
The new 90% gambling loss deduction rule means even if you break even, you owe taxes. A player winning $10K and losing $10K now pays taxes on $1K of 'phantom' income.
The Degenerate StaffJan 5, 2026
Industry3 min read
New York Proposes Nuclear Option: Ban All Live Betting
Assembly Bill A9343 would eliminate in-play betting in NY, potentially costing the state billions. Here's what degenerates need to know.
The Degenerate StaffJan 3, 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
Industry3 min read
Senator Schatz Says Federal Prop Betting Legislation Is Coming in 2026
Hawaii's senator is pushing to regulate prop betting at the federal level after the Rozier and Guardians scandals. The feds are finally paying attention.
The Degenerate StaffDec 24, 2025