The update should simplify things for players who enjoy the casino without chasing massive jackpots A quiet change from the Internal Revenue Service could bring some relief to casino players, especially those who frequent slot machines. Beginning in 2026, the IRS will raise the minimum jackpot that triggers mandatory pay and tax withholding from $1,200
Several figures in the poker world have criticized the tax change Poker Hall of Famer Erik Seidel has raised concerns that a new US gambling tax rule could push him toward scaling back, or even stepping away from, tournament poker. The longtime pro says the change creates financial pressure that makes high-level play far less
Supporters say accepting BTC for taxes could help the US compete globally A new proposal in Congress aims to make Bitcoin an option for paying federal taxes, adding fresh momentum to the debate over how cryptocurrency should fit into US financial policy. The bill, introduced by Representative Warren Davidson of Ohio, would let taxpayers submit
Roger Ver could pay the government $48 million to avoid going to prison Roger Ver, the early Bitcoin investor known in crypto circles as “Bitcoin Jesus,” has reportedly reached a deal with the US Department of Justice to settle his tax evasion case. According to a report from The New York Times, Ver’s legal team
Lawmakers have rejected an attempt to add the bill to the Defense budget A push to roll back a controversial new gambling tax has stalled in Washington, leaving US poker players and other gamblers bracing for changes set to take effect in 2026. Unfortunately, the GOP-controlled Rules Committee did not accept the FAIR BET Act
So far, efforts to protect gamblers from the major tax overhaul aren’t going well Efforts to reverse a controversial tax change affecting professional gamblers hit a roadblock yesterday when Senate Republicans blocked a Democratic-led proposal aimed at restoring full gambling loss deductions. Senator Catherine Cortez Masto of Nevada sought unanimous consent for the measure, but
The bill would automatically force some poker player to take losses when filing their taxes A newly added provision to the Senate’s version of the One Big Beautiful Bill Act could significantly impact poker players and other gamblers across the US. The amendment, passed on July 1 as part of the broader extension of the
The bill would make tips tax-free if approved by Congress A new bill making its way through Congress could bring meaningful financial relief to casino and hospitality workers across the country. The “No Tax on Tips Act,” introduced by Senator Ted Cruz and supported by Senator Jacky Rosen, passed the Senate this week without a
The bill would prevent crypto holders from using the US territory to avoid taxes on their digital assets A new proposal in Washington is targeting a long-standing loophole that has made Puerto Rico an attractive destination for crypto investors seeking to reduce their tax bills. Rep. Nydia Velázquez of New York introduced a bill on
Waylon Wilcox has admitted to submitting false tax returns in 2021 and 2022 A Pennsylvania man who made millions trading NFTs is now facing serious prison time after admitting he didn’t report much of that income to the IRS. Waylon Wilcox, 45, pleaded guilty this week to filing false tax returns for 2021 and 2022,
The bill would reverse a reporting rule the IRS previously implemented US lawmakers in the House of Representatives have introduced a resolution aimed at overturning an IRS rule that would require brokers to report cryptocurrency transactions. The measure, known as the “DeFi broker rule,” was approved in December and is set to take effect in
The lawyer allegedly hid millions of dollars in winnings to avoid paying taxes Tom Goldstein, a poker player and founder of the Supreme Court-focused SCOTUSblog, has been indicted in a federal tax fraud case. The charges, filed in Maryland, allege that Goldstein participated in a multimillion-dollar scheme to evade taxes while misusing funds from his
Our Responsible Gambling program verifies that all players are of legal age and provides customizable self-exclusion tools for our tables, sportsbook, and casino.
