Will they adjust pay tables in 2026?

[Dan Druff]

With all the changes they made to the revenue & expenditures in the B.B. Bill they had to go through a reconciliation process & there was a requirement that certain lost revenue had to be made up somewhere.

So knocking the gambling loss write off down to 90% makes it appear as tax revenue will increase by $10 Billion over a 10 year period and they needed that for the bill to pass through the reconciliation process.

Again may have some details wrong but that was the gist of it.

Also, not mentioned in the article but obviously targeting a small generally unsympathetic group without any lobby like gamblers (casinos have strong lobbies but gamblers do not) is a savvy political move.

If that's true, it's dumber than I thought.

I was giving them too much credit.

They're barely going to get any additional revenue from this. It might actually decrease revenue if people panic and stop professionally gambling over the fear of this new tax situation.


But I guess it's not surprising, because even state regulators don't understand the gambling community well, so how can we expect Congress to understand?