Chris Dierkes just wrote the IRS a very big check. The professional gambler pays quarterly taxes, does everything by the book, and welcomes scrutiny. But come January 2026, he’s looking at a nightmare ...

Earlier this year, NASA scientists announced that they had calculated a 2.3% chance that an asteroid known as 2024 YR4 may collide with Earth in December 2032, causing untold destruction. For most ...

As the crisp New Hampshire fall approaches, bringing with it football season and weekend casino trips, there’s a new tax rule on the horizon that might change how you think about your next bet.

It's a decent bet: Professional gamblers will become the first taxpayers ever to pay Uncle Sam for unrealized or "phantom" income in 2026. Processing Content That's because, barring changes to the One ...

I am a professional gambler and fill out a Schedule C for the business. Is it true that in 2026 according to the One Big Beautiful Bill I will only be able to deduct 90 percent of my wagers? So if I ...

The end of the tax year is nigh, which means wage earners will soon be operating under President Donald Trump’s signature tax bill, which passed in July and takes effect Jan. 1. But while the vast ...

Ripple effects mean a gambling tax provision in the One Big Beautiful Bill Act will damage not just professional gamblers but the larger Nevada economy. (Photo by Ethan Miller/Getty Images) A ...

Nevada Rep. Dina Titus is calling on the United States House Committee on Ways and Means to add the Fair Accounting for Income Realized from Betting Earnings Taxation Act (FAIR BET Act) to the ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The One Big Beautiful Bill Act of 2025 was signed into law on July 4. While many ...

Sports gambling scandals are as old as sports and gambling. More than a century ago, eight players on the Chicago White Sox were banned from professional baseball after they were accused of throwing ...