Nevada’s gaming industry and its congressional delegation are intensifying efforts to overturn a federal tax change that is set to take effect in 2026 and would limit how much gamblers can deduct in losses. The provision, passed as part of the One Big Beautiful Bill Act signed into law in July by President Donald Trump, alters a long-standing rule that allowed gamblers to deduct all losses up to the amount of their winnings. Industry leaders, professional players, and lawmakers argue […]

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Efforts to undo a newly enacted tax provision affecting gambling losses came to a halt in the U.S. Senate on Thursday, as Republican lawmakers blocked a measure led by Nevada Democrat Sen. Catherine Cortez Masto. The provision—part of the expansive tax and spending bill signed by former President Donald Trump last week—has drawn fierce backlash from professional gamblers and Nevada officials, who argue it could severely damage the state’s gaming-driven economy. Cortez Masto had sought unanimous consent to pass a […]

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In the United States and President Donald Trump (pictured) reportedly announced yesterday that he is to consider altering how a recently-passed piece of legislation is administered so as to enable small casinos and gambling enterprises to receive emergency financial relief. According to a Wednesday report from the Roll Call newspaper, the Coronavirus Aid, Relief and Economic Security (CARES) Act ratified late last month allows small and medium-sized businesses with fewer than 500 employees to access forgivable loans that they can […]

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