Good news -- sort of.

A court has interpreted a second part of the new law to trigger a change in session reporting.

Starting in 2026, sessions will be defined as the entire year in one gambling venue. So you can now subtract losses from wins up to 100% in each venue, and this also reduces the ridiculous numbers gamblers used to have to face, where acting gamblers would have millions in wins and millions in losses, despite not being high stakes players, and being afraid to report it that way and trigger an audit.

So basically this is how it will be, provided this ruling holds up:

1) Add up the total amount of money from all venues where you lost for the year. Multiply by 0.9.

2) Add up the total amount of money from all venues where you won for the year.

3) Subtract #1 from #2. That's your taxable wins.


So if you only stick to one casino all year, this law won't affect you.

https://twitter.com/#!/x/status/2006781309088313466