Point guard Fred VanVleet recently shared a story about an NBA fan approaching him in church over a gambling result. The Houston Rockets starter has yet to play a game this season due to injury, but ...

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.

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 ...

An Oklahoma senator’s opposition threatens to stall bipartisan efforts to restore the 100% gambling loss tax deduction. The current 90% deduction taxes “phantom” income and could deter high-value ...

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 ...

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 ...

Every year, the Super Bowl becomes the biggest night for sports betting in the United States. Billions of legal wagers are placed across states and platforms. And this year is no different. The ...