Trump's 'Big Beautiful Bill' could be devastating to United State's mega poker players and Casinos

[magnus2022]

View attachment 1257Last week, poker world especially in United States are shocked beyond words that Mr. Trump have signed the bill into law. Big Beautiful Bill have some provisions on gambling and related businesses. Under current United State's tax law, mega gamblers are expected to pay 10% of their winning as tax.
What is your opinion on this?

 

[Bawse]

If they legalize online poker. I'm with it. I miss when I could play against players from the US, and the rest of the world on sites like Pokerstars, PartyPoker, and FullTiltPoker(even though it turned shady, I still had fun there).

 

[Henry]

If they legalize online poker. I'm with it. I miss when I could play against players from the US, and the rest of the world on sites like Pokerstars, PartyPoker, and FullTiltPoker(even though it turned shady, I still had fun there).

The 10% tax on winnings is a major concern for someone like me. I don't get why the tax on winning from playing poker should be that high when we all know that there are a couple of losses before one can end up winning.

 

[magnus2022]

The 10% tax on winnings is a major concern for someone like me. I don't get why the tax on winning from playing poker should be that high when we all know that there are a couple of losses before one can end up winning.

The bill is terrible and I wonder how the president that have a casino allow such bill to pass through his table. Did he forgot that his business is at stake?

 

[uptrendfinancialsignal]

This bill actually changes the tax situation for gamblers. 10% tax on winnings can reduce the interest of people playing in the US. So, some players could move to other countries.