The Big Beautiful Bill may not be so Beautiful to Gamblers

[JDS]

Fees moving money back and forth far outweigh the taxes, not to mention you have to pay taxes when you sell crypto that you win.

I pm’ed you some info & I will not debate this with you. Do what you want with that info .

 

[Tanko]

I meant to do the math to show how this bill will impact win% requirements but, I didn't have to. A couple of guys at SBR (alecmatt5 & pavyracer) did the math already. Pavy gave a great example with assumed data.

Trump new tax law - Sportsbook Review Forum

Hi, I don't make much money betting on sports but I do pay taxes on it and make enough to help provide for myself. From what I understand it used to be that you had to win at 52.38% to break out even at -110 odds. Under Trump's new tax law you can only deduct 90% of your losses against your...

www.sportsbookreview.com

The win % to cover the additional requirments on taxes and breakeven goes up to 53.2% vs the 52.4% we currently need to meet.

Assumptions:
24% tax bracket
-110 odds
You file with itemized deductions vs standard deductions.

 

[BigJay]

https://www.cnn.com/2025/07/09/politics/gambling-tax-trump-agenda-bill

 

[jjgold]

So silly meaning gamblers
Tax the hell out of them

 

[Tanko]

Republicans now regret this piece of the bill and are introducing legislation to change it....
Doubt it goes anywhere but....


Republican backs push to repeal part of Trump bill days after voting for it

 

[Tanko]

It just gets better and better...
Most republicans didn't even know what was in the bill they voted for. JFC. These people should be kicked out of office for blindly voting for s#it that they have no clue about.

GOP Senators Had No Idea They Voted For Controversial Gambling Tax

How the sausage is made in Washington: In the dark and behind closed doors.

www.yahoo.com

What if someone snuck in the language, "All Representatives and Senators must be castrated if they are elected to a 2nd term in office"? Would they abide by the law they voted for?

 

[stormtrooper8]

What a terrible piece of legislation lol

How do people support this shit?

 

[solomonitto]

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 use offshore bookmakers with good reload bonuses to minimize losses and stay active.

 

[rickeyphillips]

yeah

 

[solomonitto]

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 understand your frustration with the new law that limits the ability to write off losses to only 90%, it really makes life difficult for those who actively play and count on a full refund for taxes. I myself have encountered a similar situation when I went to offshore platforms for bonuses and convenient payments, for me a quick withdrawal to a bank account was more important than small restrictions on rates. For example, I recently replenished my account with $ 600 and received a $ 60 bonus, which with 4x RO really helps to increase the capital for the game. Sometimes I advise new players to pay attention to services where you can get 100 free bonus casino no deposit philippines, where you can try games without risk and get bonuses immediately to your account. This is useful when you want to evaluate the platform. I also recommend paying attention to the terms of use of bonuses, so as not to get to the limits on rates or odds. If the law comes into force, players will have to look for alternative solutions.

Any other tips?