- President Trump appeared on the Mount Ethereal On line casino Resort on Tuesday
- The president hyped his claims that the economic system is roaring
- Trump didn’t talk about playing tax deductions as some had hoped
- Rep. Dina Titus is behind laws to revive the playing deduction to 100%
President Donald Trump made his second look at a on line casino since successful the White Home for a second time when he stopped by the Mount Ethereal On line casino Resort in Pennsylvania’s Pocono Mountains on Tuesday.
US President Donald Trump addresses a crowd of supporters on the Mount Ethereal On line casino Resort on Dec. 9, 2025, in Mount Pocono, Pa. Trump didn’t talk about a playing tax provision in his One Large Stunning Invoice. (Picture: Getty)
Some gamblers thought the president would possibly tackle a looming change to the federal tax regulation that’s to change into efficient in 2026. A provision inside the Republicans’ One Large Stunning Invoice Act (OBBB) is that deductions for playing losses towards winnings can be capped at 90% as an alternative of 100%. The change means if a gambler wins $100K but additionally loses $100K throughout the yr, he would nonetheless must pay federal taxes on $10K of phantom earnings.
Trump’s speech targeted on the economic system and his claims that buyers’ prices are coming down. The president didn’t talk about the playing tax part of OBBB.
We had been lifeless, however now we’re the most popular nation on this planet. Democrats gave you excessive costs. We’re bringing these costs down. You’re getting decrease costs and larger paychecks. The one factor that’s actually going up massive is the inventory market and your 401K,” Trump stated to his supporters in a Mount Ethereal On line casino Resort ballroom with seating for a number of hundred.
“We inherited the worst inflation in our nation, and we’re bringing it down,” Trump declared.
Playing Tax
The OBBB playing deduction isn’t a significant speaking level exterior of playing circles. However Trump’s look on the Pennsylvania on line casino raised hopes among the many playing public that the president would tackle the difficulty, much like how he addressed his “No Tax on Ideas” pledge in January whereas talking earlier than tipped staff in Las Vegas.
There’s irony in @POTUS speaking about affordability at a on line casino when tourism is down due to his insurance policies, and the gaming trade struggles and not using a repair to the 90% tax deduction for playing losses due to his Large, BS, Funds Invoice,” opined US Rep. Dina Titus (D-NV) on X.
Titus is behind the FAIR Guess Act (Truthful Accounting for Revenue Realized from Betting Earnings Taxation Act), which might restore the playing deduction to 100%.
The Tax Basis, a suppose tank that analyzes federal and state tax coverage, detailed an instance of how the 90% playing deduction would tremendously hurt skilled gamblers and probably incentivize them to maneuver to illicit markets. They supplied an instance based mostly on Daniel Negreanu, among the many most profitable poker gamers in US historical past.
“Within the 2025 World Sequence of Poker, Negreanu received (cashed) $1,478,240. His buy-ins for the 2025 WSOP totaled $1,297,143, for internet winnings of $181,097. Underneath pre-OBBBA coverage, he would pay earnings tax on that $181,097, and, assuming Negreanu’s earnings is taxed at 37% (the best earnings tax bracket), his earnings tax legal responsibility can be $67,006, leading to take-home pay of $114,091. When his post-OBBBA losses are restricted to 90%, nonetheless, his tax legal responsibility jumps to $115,000. His take-home pay is minimize practically in half to $66,097,” the Tax Foundation explained.
The federal authorities’s Joint Committee on Taxation initiatives the playing deduction change will generate $1.1 billion in extra federal income over the subsequent eight to 10 years.
On line casino Visits
Trump, a former on line casino proprietor, has repeatedly made stops at casinos throughout the nation. He’s used his community of gaming trade relationships to host rallies whereas on the marketing campaign path and to additionally make official White Home stops.
In January, solely days after being inaugurated, the president hosted an occasion at Circa Resort & On line casino in downtown Las Vegas, the place he assured gaming and hospitality staff that his “No Tax on Ideas” can be included within the OBBB. Starting with the 2025 tax yr, tipped staff can deduct as much as $25K of their suggestions from their federal earnings.
