Arbusers

Hi all,

Not from the US myself, but I just saw the Senate passed a bill that could seriously affect sharp bettors over there.

Starting in 2026, you won’t be able to deduct 100% of your gambling losses anymore. The new rule caps deductions at 90% of your winnings, even if you're breakeven or down overall.

Example: win $100k, lose $100k → you still owe taxes on $10k.

Sounds pretty crazy to me. Basically you're taxed even when you didn’t profit.

For US-based pros/value bettors, does this change anything in your strategy? Would this push you more towards offshore books? Are you thinking of reducing volume or changing structures?

Curious how big of a deal this is for people here.

Cheers.

Oddsjam sold at the perfect timing.

Yes it's bad news for us across the pond. There is still a chance a separate bill is introduced to congress that changes it back to 100% deduction on losses or hopefully the tax accountants can come up with a loophole. My taxes owed will increase 60% if I have the same gross wins and losses that I had last year. Still profitable but I probably will spend less time betting in the future.

CharlieSheen99 wrote: ↑

Fri Jul 04, 2025 2:49 pm

Oddsjam sold at the perfect timing.

Funny how OddsJam's timing worked out so perfectly, almost like someone got a heads up from their golf buddies at Mar-a-Lago

turbobets wrote: ↑

Sat Jul 05, 2025 7:43 pm

Yes it's bad news for us across the pond. There is still a chance a separate bill is introduced to congress that changes it back to 100% deduction on losses or hopefully the tax accountants can come up with a loophole. My taxes owed will increase 60% if I have the same gross wins and losses that I had last year. Still profitable but I probably will spend less time betting in the future.

60% increase is insane! Here's hoping Congress comes to their senses or someone finds a clever workaround. Being taxed on losses you can't fully deduct is just adding insult to injury