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Trump tax bill, professional gamblers, gambling loss deduction, Big Beautiful Bill, Mike Johnson winning

Gamblers Lose Big as Trump’s First Major Bill Passed

New tax rule penalizes gamblers even when they break even Gamblers lose key deduction under Trump’s economic overhaul Amendment may push players to unregulated...

Philip Conneller July 3, 2025
Gambling tax, professional gamblers, Senate bill 2025, big beautiful bill, Loss deduction limit, US tax amendment

Trump’s ‘Big, Beautiful Bill’ Would Decimate Professional Gamblers – Literally

New amendment limits deductible gambling losses to 90%. Professionals could owe taxes on nonexistent income. House-Senate showdown will determine final tax outcome. US President...

Philip Conneller July 2, 2025
Einhorn Betway

Einhorn Lifts Penn Entertainment Stake Amid Board Controversy

DME Capital lifted stake in Penn in first quarter Increased Penn position as another hedge fund ramped up attacks on board, CEO In the...

Todd Shriber May 15, 2025