Legalized, Taxed, Threatened: The 8-Year Reality of Post-PASPA Sports Betting

8 Years After PASPA: Legal Sports Betting Was Supposed to Be a Tax Windfall. It Became a Tax War

WASHINGTON – On the morning of May 14, 2018, the Supreme Court of the United States handed down Murphy v. NCAA and ended Nevada’s 26-year monopoly on legal sports betting. Eight years later, questions surrounding who would profit and under what rules have been answered… … Read more

FULL HOUSE Act Takes Aim at New Gambling Tax Policy

ULL HOUSE Act Takes Aim at New Gambling Tax Policy - Steven Horsford, Max Miller

Reps. Steven Horsford and Max Miller introduced the FULL HOUSE Act in January to reverse a tax change that reduced gambling loss deductions to 90%. The updated rule can force gamblers to pay taxes even when they finish the year even, affecting both casual players … Read more