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Pic: The New York Crypto Tax Proposal has Generated Anxiety in the Gambling Industry
A controversial excise tax of 0.2% on all cryptocurrency transactions discussed by the lawmakers of New York in Assembly Bill 8966 introduced by Phil Steck (Democratic Assembly member). The drafted ... Read More
New Phantom Taxes are Coming to Gambling in 2026: What This Means for Your Winnings and Your Tax Burden
An addition to the One Big Beautiful Bill Act is poised to impact big gamblers' tax bills as it reduces the amount of gambling losses they can claim from 100% to 90%. Dubbed a "phantom tax," this ... Read More
Republicans’ gambling tax change seen as threat to states’ revenues, legitimate casinos
Editor's note: Este artículo está traducido al español. Gaming experts assembled by U.S. Rep. Dina Titus, D-Nev., for a town hall this week bemoaned a tax change included in President Donald Trump’s ... Read More
New Phantom Taxes are Coming to Gambling in 2026 – What This Means for Your Winnings and Your Tax Burden
There’s no such thing as a sure bet, but gamblers have long been able to count on the fact that they would only have to pay taxes on their net winnings (total wins minus total losses). However, a new ... Read More
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