Trump Approves Law Requiring Bettors to Pay Taxes

USA.- July 10, 2025 www.zonadeazar.com President Donald Trump has signed a new law that will significantly change U.S. tax regulations starting in 2026. The measure will directly impact bettors in the country by limiting gambling loss deductions to 90%.

The move is controversial, as Trump recently announced plans to host a UFC event at the White House alongside UFC President Dana White. The new law replaces the previous system that allowed full offsetting of gambling wins and losses.

As a result, bettors will be required to pay taxes even if they do not generate net profits. The law also shifts the tax collection approach to consider betting volume, not just winnings.

The measure will affect both professional and recreational bettors, reducing the profitability of those who make a living from betting and impacting betting volume for recreational players in the short and medium term.

For clarity, if a bettor earns $50,000 in winnings and has $50,000 in losses within a tax year, previously they would not owe taxes due to a neutral balance. Now, they will be taxed as if they had $50,000 in winnings. With the federal tax rate at 24%, the amount owed will be $1,200, even if no actual profit was made.

The law will apply to the entire U.S. gambling market, including physical casinos and sports betting platforms legalized in the past seven years, expanding the scope of taxation and impacting the U.S. gambling ecosystem.

Edited by: @_fonta www.zonadeazar.com