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Professional gamblers say President Trump's big beautiful bill is a bad bet
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The budget measure contains a brief provision that limits income tax write-offs for gambling losses
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Instead of being able to deduct 100% of losses, gamblers will now only be able to write off 90%
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So even if they broke even over the course of a year, they would owe taxes on 10% of the money they lost
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Professional poker player Doug Polk says the bill threatens the gambling industry
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Poker as we know it is under attack in America. We have not seen anything this significantly negative for the gambling industry in what must be 20 years
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If this bill passes, it will be a gigantic step backwards for the gambling industry
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and the majority of the people who play for a living today will not be able to do so moving forward
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Americans placed $72 billion in bets last year, according to the American Gaming Association
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But industry ysts say the big, beautiful bill could bring hard times to gambling meccas like Las Vegas
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For Straight Arrow News, I'm Kaylee Carey. For more fact-driven content, head to san.com or download the Straight Arrow News mobile app today
