Welcome to Trendlines, your weekly installment of what’s trending up and what’s trending down in the world of sports.

President Donald Trump's tax bill, signed into law July 4, reduces how much in losses a gambler can deduct. Here's how the ...

The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

A relatively underappreciated constituency is raising the alarm about President Donald Trump’s “big, beautiful bill” — ...

We explain how Trump’s Big Beautiful Bill limits gambling loss deductions to 90%, sparking concern among gamblers and tax ...

Bettors can still deduct losses from wins within a single session of play. But the Internal Revenue Service ( irs) is ...

Sen. Catherine Cortez Masto sought unanimous consent for the FAIR BET Act, but Sen. Todd Young objected to the bill.

As Americans sift through the wreckage of Donald Trump’s One Big Beautiful Act and begin to understand just how damaging it ...

President Donald Trump's new spending bill could cause gamblers to lose even more thanks to new tax practices starting in 2026.

Mike Florio takes a deep dive into why there in bipartisan effort to change the language of the gambling portion of the big, ...

The full deduction is limited to individuals with taxable income of less than $75,000 ($150,000 for joint filers). It shrinks ...

The provision tucked into the “Big Beautiful Bill” limits tax deductions for gambling losses, while still requiring ...