A s Americans sift through the wreckage of Donald Trump’s One Big Beautiful Act and begin to understand just how damaging it might be — from the draconian cuts to Medicaid and

The provision tucked into the “Big Beautiful Bill” limits tax deductions for gambling losses, while still requiring professional bettors to pay income tax on all their winnings, according to published reports. Professional gamblers, like the poker players you see on TV, had been allowed to deduct all of their losses from their declared income.