The Big Beautiful Bill may not be so Beautiful to Gamblers

[Tanko]

There is a section of the bill that would limit gamblers to only being allowed to offset winnings with 90% of losses.

> You bet $100k and win.
> You get $100k and lose.
>>> You still owe taxes on $10k.

In the past everyone knows, losses could offset winning for tax purposes. With this bill only 90% of your losses can be used.

WTH?

Let's hope that section of the bill gets killed.

Senate's version of "big, beautiful bill" may have ugly side for gamblers

The so-called big, beautiful bill may lead to an ugly outcome for gamblers.

www.nbcsports.com

 

[jjgold]

Play offshore

 

[Reload]

This feels like a leisure tax on gambling losses or something. Might as well tax extra on vacations and dining also.

 

[JDS]

If this Bill gets past, it should help the price of BTC in the process for obvious reasons.

 

[BigJay]

There is a section of the bill that would limit gamblers to only being allowed to offset winnings with 90% of losses.

> You bet $100k and win.
> You get $100k and lose.
>>> You still owe taxes on $10k.

In the past everyone knows, losses could offset winning for tax purposes. With this bill only 90% of your losses can be used.

WTH?

Let's hope that section of the bill gets killed.

Senate's version of "big, beautiful bill" may have ugly side for gamblers

The so-called big, beautiful bill may lead to an ugly outcome for gamblers.

www.nbcsports.com

Looks like the GOP hardliners are stalling the bill

Reminds me of Netflix’s House of Cards, which I’m watching for the second time. Been quite awhile since I watched it

Trump's 'big, beautiful bill' stalls in House amid conservative mutiny threats

House Republican fiscal hawks have been engaged in crisis talks with President Donald Trump's "big, beautiful bill" in danger of failing.

www.foxnews.com

 

[Archie]

we need to hurry and get this thing through all the hoops.

how much longer can these billionaires wait for their huge tax cuts?

 

[purplegrape]

Gonna be impossible to be a pro on the apps. Will give up the apps if it passes. Locals might be back in business.

 

[JDS]

@KVB is fuckin’ pissed right now i know it wherever you are.

 

[jjgold]

It doesn’t affect 99% of gamblers

 

[jamesy2422]

i went back offshore for a lot of my gambling cause of the bonuses. some of the lines i can live with cause i can get paid in money to my bank account quickly. but not getting bonuses irks me when bonuses are out there. i just deposited $600 in bookmaker and got $60 bucks for free. for me, that helps a lot. and only 4x RO is great.

anytime a domestic app asks for feedback on their book i mention giving reload bonuses like offshore. i don't need a 25% bet booster once in awhile, limited to $5, where the odds for that bet are limited to -200 and lower.

 

[jjgold]

i went back offshore for a lot of my gambling cause of the bonuses. some of the lines i can live with cause i can get paid in money to my bank account quickly. but not getting bonuses irks me when bonuses are out there. i just deposited $600 in bookmaker and got $60 bucks for free. for me, that helps a lot. and only 4x RO is great.

anytime a domestic app asks for feedback on their book i mention giving reload bonuses like offshore. i don't need a 25% bet booster once in awhile, limited to $5, where the odds for that bet are limited to -200 and lower.

excellent post

 

[Archie]

 

[Tanko]

View attachment 64828

Is Cuban a big gambler?
I don't mean on business deals, I mean on sports or casino games....

 

[tryteasers]

i went back offshore for a lot of my gambling cause of the bonuses. some of the lines i can live with cause i can get paid in money to my bank account quickly. but not getting bonuses irks me when bonuses are out there. i just deposited $600 in bookmaker and got $60 bucks for free. for me, that helps a lot. and only 4x RO is great.

anytime a domestic app asks for feedback on their book i mention giving reload bonuses like offshore. i don't need a 25% bet booster once in awhile, limited to $5, where the odds for that bet are limited to -200 and lower.

I like the way you think. So what it takes a few more minutes to send money if depositing but offshore is better for a number of reasons.

 

[jjgold]

Oh sure, it’s gonna make a revival

 

[purplegrape]

Gonna be impossible to be a pro on the apps. Will give up the apps if it passes. Locals might be back in business.

Gonna need to lose more at the casino

 

[pipe]

View attachment 64828

Uncle Sam trying to get a cut of the action ridiculous. They already taxing the shit outta jackpots.

 

[pipe]

Is Cuban a big gambler?
I don't mean on business deals, I mean on sports or casino games....

He knows his shit. He reads everything.

 

[BigJay]

Is Cuban a big gambler?
I don't mean on business deals, I mean on sports or casino games....

He’s just a smart SOB

 

[Tanko]

I’m reading that this piece of the bill was pushed to be included by domestic books. Why? Because it will push advantaged players out of the US market. Just another move to restrict players US books don’t want as clients.

I would have thought the “limits” they are putting on winning bettors would have been enough to “protect” US book’s profits. I guess this was just another tool for them to use.

I wonder how much the books paid to the politicians to include it? They are corrupt POS.