Plans for new US tax deduction. Ouch!

Under the tax bill (OBBBA)  in 2026, you cant write off all of your losses. So if you break even for the year, they hit you with whatever is left of your 90% deduction as taxable income… meaning on your taxes starting 2026, you are potentially paying a boat load of tax even if you didnt win anything for the year!   Are only sportsbook apps going to calculate this and what if you are betting on a kiosk or inside a casino…

i bring this up because there is a good chance that most bettors are going to winning half their bets and losing half their bets or close to it. This creates big tax liability and makes it near impossible to overcome the 90% deduction. 

i am wondering 

how are sportsbook apps, online casinos and casinos going to caluclate this? What wagers? What bets? What payout ratios?

What about limits? What the heck is going on?!

It appears almost bad for business ... am i missing something here? Are gamblers like us going to put up with this?  

See article: https://taxfoundation.org/blog/gambling-loss

how is casino and lottery even taxable lol? Glad im not from the states. I guess your gov is hungry for money to compensate all those 'Tariffs' 

Hopefully gamblers dont accept this and quit gambling. 

We will have to. The tax situation is unacceptable. You legalize but the we cant win. 

Just don’t claim anything? Seems pretty easy to me