Tag Page Gambling

Las Vegas faces big changes for gamblers

Starting in 2026, Las Vegas gamblers could end up paying taxes on money they never actually won. A tweak in federal tax law means players will only be able to deduct 90% of their gambling losses against their winnings, instead of the full amount. For anyone who bets big—or even just hits a lucky jackpot—this could mean a surprise tax bill on so-called 'phantom income.' Casino owners and pro players are sounding the alarm, saying this could scare off high rollers and hurt Nevada’s economy. Would this change affect how you play or visit Vegas? #News #LasVegas #Gambling