Poker Alliance

Russell Fox, the go-to expert on gaming tax issues, is reporting that the new spending bill includes a provision to limit gambling deductions to 90% of actual losses, for amateurs and for people filing professionally.

Some politicians claim the deduction is a subsidy for the gambling industry and want it gone completely. Now that it's on the table, this action could lay the foundation for further reductions in or even elimination of the gambling loss deduction.

The bill is headed to the House. You may want to contact your representative about this provision.

Senate Version of Big, Beautiful Bill Is Bigly Ugly Towards Gambling | Taxable Talk The extension to the Tax Cuts and Jobs Act (TCJA) is now in the Senate as the “Big, Beautiful Bill.” The Senate version will likely receive a final vote today (and pass); however, it is quite different in certain areas from the House bill (that earlier passed that chamber). And it is really ugly...

Huge win for interstate poker as First Circuit Court of Appeals rules favorably on Wire Act case.

NH Lottery Prevails Over DOJ In First Circuit Wire Act Appeal The future looks rosy for interstate poker in the US, as the First Circuit Court of Appeals has ruled that the Wire Act applies only to sports betting.

Seven online gambling stories you can expect to see in 2021:

Seven Online Gambling Stories You Can Expect To See In 2021 Not everything about US online gambling is hard to predict. Here are seven stories you can bet on hearing about in the coming year.

Bally's gains Pennsylvania access through satellite casino construction deal:

Bally's Gains PA Access Through Satellite Casino Construction Deal Bally's has partnered with a PA businessman to build a satellite casino, which will allow it to obtain online casino and sports betting certificates.

Michigan's online casinos & poker rooms will open soon: will the numbers surpass New Jersey & Pennsylvania?

Anticipating Michigan Online Gambling: Will It Surpass PA And NJ? Michigan is launching online casino, poker and sports betting soon. How will it stack up against Pennsylvania and New Jersey.

New MGM Resorts investor buys $1 Billion stake, eyes online gambling.

Read more here: https://www.onlinepokerreport.com/44006/new-mgm-resorts-investor/

New MGM Resorts Investor Buys $1 Billion Stake, Eyes Online Gambling IAC, the holding company behind brands Ticketmaster and Expedia, has made a $1 billion dollar investment in MGM's digital future.

German giant Tipico to launch New Jersey online casino with NetEnt Games.

German Giant Tipico To Launch NJ Online Casino With NetEnt Games A fresh content deal with Tipico will see NetEnt's popular library of games debut on another online casino platform in New Jersey.

Michigan online gambling hopes for October launch.
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Michigan Regulators Now Eying October For Online Gambling Launch Although a new bill seeks to expedite the process, the Michigan Gaming Control Board is aiming to launch online gambling this fall.

New Jersey online casinos and poker rooms generated unprecedented revenue during the month of May.

New Jersey Online Gambling Sites Win Record $86 Million In May Online casinos and poker rooms continued to do the heavy lifting in NJ last month, generating unprecedented revenue during the ongoing land-based shutdown.

Why is Nevada online poker revenue such a big secret?
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Why Is Nevada Online Poker Revenue Such A Big Secret? Nevada was the first state to legalize online poker, yet we still know very little about how big the market is. There are a couple of reasons for that.

Will Swift Reopening Of Tribal Casinos Sour Online Gambling Negotiations In Connecticut?
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Foxwoods & Mohegan To Reopen Soon, Spurning Connecticut Govermor Before the coronavirus outbreak, the tribes and state of Connecticut were mired in a debate over sports betting, online gambling, and casino expansion.