THE RAGING DEGENERATE

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.

Rush Street Interactive hikes minimum wager for second time in a year as Illinois per-bet tax drives 32% decline in betting volume.

The big sportsbooks aren't taking Chicago's new betting tax lying down. They've filed suit claiming the city overstepped its authority. This could get messy.

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.

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.

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.

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 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.

Derek Stevens, Bill Hornbuckle, Tom Reeg, and Craig Billings met with lawmakers to push for restoring the full gambling loss deduction. The industry is unified.

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.