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 ...

According to the Joint Committee on Taxation, taxing Americans on 10% of their gambling losses could generate over $1.1 billion over the next decade. While most of those earnings are expected to come ...

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 ...

A long-shot effort to restore the full federal tax deduction for gambling losses fell short on Capitol Hill this week. The House Rules Committee declined to advance an amendment to a larger spending ...

President Donald Trump has opened the door to a dramatic shift in how Washington treats gambling, telling reporters he is willing to consider scrapping federal taxes on gambling winnings. The idea, ...

I started my research into gambling and its adverse effects in 2014. At the time, Australia’s annual gambling losses were ...

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 ...

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 ...