Home Stocks Bipartisan lawmakers and gaming leaders push to reverse the Big Beautiful Bill’s gambling loss cap

Bipartisan lawmakers and gaming leaders push to reverse the Big Beautiful Bill’s gambling loss cap

by Deidre Salcido
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Sezeryadigar

The casino and sports betting sector has its eyes on a controversial provision of the OBBB Act signed into law by Congress last week. Notably, the tax and spending bill limits the gambling loss deduction to 90% of losses beginning in 2026.

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