How Trump’s megabill could “quietly destroy professional gambling” in the U.S. 🎰

The recently passed One Big Beautiful Bill Act includes a tax provision that could quietly destroy professional gambling in the United States. Right now, gamblers can offset 100% of their losses against winnings. However, starting in 2026, that deduction will be capped at 90%.That means if you win $100,000 in a year and also lose $100,000 in the same year, you will be taxed as if you made $10,000 in profit, despite the fact that you really didn't make any money. This seemingly small change could collapse th ...