Taxes on Blackjack Winnings Changed in 2026, and No Form Will Warn You
A provision of the One Big Beautiful Bill Act, effective Jan. 1, 2026, lets you deduct only 90 percent of gambling losses, so you can owe tax in a year you broke even or lost. The hit scales with how much you win over the year, not your net profit, which makes high-volume, low-edge play … Read more