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StrategyApril 18, 2026·1 min read
Academics Advocate for Zero Tax Deductions on Gambling Losses
The One Big Beautiful Bill Act, which went into effect on Jan. 1, lowered allowable deductions to 90%.
Poker players were the first to sound the alarm on the issue. Poker legend Erik Seidel said the new law could force him into retirement.
The study was conducted by University of Alabama law professor Mirit Eyal-Cohen and Rutgers University professor of taxation Jay A. Soled. The Tax Cuts and Jobs Act, which became law that year and significantly increased the standard deduction. The One Big Bill further increased the standard deduction. Rep. Dina Titus (D-NV) filed legislation to eliminate the new provision.
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