Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The One Big Beautiful Bill Act of 2025 was signed into law on July 4. While many ...

CLEVELAND - U.S. Rep. Max Miller has introduced bipartisan legislation that would reverse a recent change in federal tax law that forces gamblers to pay taxes on money they never actually earned.

Under new tax laws that went into effect on January 1, 2026, gamblers will have to pay taxes on some of their winnings even if they break even or lose money overall for the 2026 tax year. The new tax ...

Calls about online wagering have more than doubled to Florida’s problem gambling helpline since the legalization of sports betting in Florida in 2023. The Florida Council on Compulsive Gambling ...

How much did I lose on my own betting, you may wonder? None. In fact, I made a good profit. Still, I wanted my wife to learn a lesson. I pointed out she had to pay back her friend on her own and we ...

High-stakes gamblers took a loss on Capitol Hill when the bid in the House of Representatives to fully restore the federal tax deduction for gambling losses failed. That development left in place a ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. Super Bowl LX features a matchup between the Seattle Seahawks and the New England ...

I started my research into gambling and its adverse effects in 2014. At the time, Australia’s annual gambling losses were A$21 billion. Today, they are $31.5 billion. A decade ago, per-capita annual ...