So the Big Beautiful Bill just effectively ended gambling in America for anyome professional/profitable, but everyone here seems weirdly quie-

[Orko]

Lets talk about the blatant corruption.
For instance just Abu Dhabi bought $2 billion of Trump's memecoin, which was a thinly veiled bribe. Helllllo!
Then there's the Jet fr Qatar and the Saudi's giving billions to Kushner and on and on and on.

What do they want in return? To keep America and the world adicted to oil
.So Trump guts all the funding for renewable energy projects and guts EV subsidies Sorry Elon you got outbid many times over.
That's why he's mad.

, There's massive Solar and wind projects underway that will be gutted. Americans will get smog and pollution, much higher energy costs
and climate change to name a few. Any coal plants that come back will be owned by private equity.

Trump sold this fuckin country out, so don't pretend these are reasonable policies. They're blatant corruption.

[Orko]

Perhaps the worst part is the ten year ban on states ability to regulate AI, HOLY FUCK THAT'S INSANE!
We are going to be living in Orwel's 1984 but much worse. Everything you think say or do will be closely monitored.
AI will know what you're going to do before you know what you're going to do.
Corporations will use AI to squeeze every 1/1000th of a cent out of their employees, customers and vendors. Assuming trhere are employees.
Thousands and thousands of AI start ups trying to get contracts for every draconian idea that comes down the pipe.

This is the big bill of treason and corruption,
I imagine the GOP will have some tricks inserted to help them steal elections.

Here's a gem from Trump's first term. The answer is yes, yes they are very retarded.
3 min mark is gold.

[mickeycrimm]

I have Tax Help For Gamblers, authored by professional gambler Jean Scott and gambling tax professional, Marissa Chien. The 4th Edition also has another noted gambling tax professional, Russel Fox. Kindle cost $10.

Other than the 1 year session being ruled out, no other lengths of time have been ruled out by the IRS. It's up to the gambler to define what their session is. There are no rulings by the IRS on using a 1 day session or multi-day session. It would probably behoove the gambler to stretch out the session length as long as possible. Here's an example for a poker player:

He plays a day session and wins $600, quits for a few hours then goes back and plays a night session where he loses $300.

Winning and losing gambling sessions are recorded in different columns in the log book. So he enters $600 in Column A, and $300 in Column B. A net of $300 for the day. He can write off only $270 for Column B which means he pays tax on $330 instead of $300.

But if he had used 1 day as a session there would be just 1 entry for the day in the log book, and that would be in Column A, a net win of $300 and he would pay tax on just $300.

I can see tournament poker players pushing the envelope on session lengths which I will explain in another post.

[mickeycrimm]

In Tax Help For Gamblers, gambling tax professional, Marissa Chien wrote:

"(Park vs. Commissioner) specifically stated that you can't count an entire year as a session. But they seem to allow a daily session. And I think an argument can now be made for a 3 or 4 day trip made by the casual gambler as a session. My confidence in making a "trip" the basis for a session is the "ascension to wealth" theory mentioned in the Tax Court decision. I feel you can make the argument that you don't really know how much wealth you've gained or lost until you come back to your "tax home." Therefore, I'd define a session as the difference in wealth between leaving and coming back to your tax home. So gamblers who play frequently in local casinos would most likely use no more than one day as their session, whereas out-of-towners could get away with longer trips as their session."

The "ascension to wealth" she refers to came from IRS Memorandum AM2008-011.

https://www.google.com/url?sa=t&sour...lZlUrdsj-QZBkg

This memo states "We think that the fluctuating wins and losses left in play are not accessions to wealth until the taxpayer redeems her tokens and can definitively calculate her net gains."

Jean Scott stated that she knows out-of-town video poker players that use the trip as the session.

[mickeycrimm]

So my guess is that some tournament poker players are going to push the envelope and count a multi-day tournament series like the WSOP as 1 session. Hopefully, all of them do it.

Will it stand? We won't know until someone gets audited and the IRS either accepts or rejects it. Then their could be a court case.

[RichardBrodiesCombover.]

How long till mickey is homeless?

[Tellafriend]

In Tax Help For Gamblers, gambling tax professional, Marissa Chien wrote:

"(Park vs. Commissioner) specifically stated that you can't count an entire year as a session. But they seem to allow a daily session. And I think an argument can now be made for a 3 or 4 day trip made by the casual gambler as a session. My confidence in making a "trip" the basis for a session is the "ascension to wealth" theory mentioned in the Tax Court decision. I feel you can make the argument that you don't really know how much wealth you've gained or lost until you come back to your "tax home." Therefore, I'd define a session as the difference in wealth between leaving and coming back to your tax home. So gamblers who play frequently in local casinos would most likely use no more than one day as their session, whereas out-of-towners could get away with longer trips as their session."

The "ascension to wealth" she refers to came from IRS Memorandum AM2008-011.

https://www.google.com/url?sa=t&sour...lZlUrdsj-QZBkg

This memo states "We think that the fluctuating wins and losses left in play are not accessions to wealth until the taxpayer redeems her tokens and can definitively calculate her net gains."

Jean Scott stated that she knows out-of-town video poker players that use the trip as the session.

back when i was worried about such things i researched this, in a general sense - tax opinions are the nut low - anyway, i came to the conclusion that i would be able to argue with a straight face that my 3-7 trips were 1 session as they really didn't start or stop, but was instead one long degenerate session. anyway, that is how i did it and was never challenged. basically from the time i landed in lvs with a definitive amount of cash/credit to the time i took back off when i actually counted up my w/l. anything less than this could reach the absurd - is every spin not arguably a session? from there the next logical argument would simply be a 24 hour day. but they don't really start or stop there. anyway, this was how i handled it and was never questioned.


a little ot - there is a reasonable argument that when a player is getting a lot of comps - usually from a lot of trips -- that the value of these things should be counted as income, and subject to written off against any losses...

[mickeycrimm]

How long till mickey is homeless?

I've noticed you never contribute anything to the forum, just troll. So off to the ignore list you go.

[RichardBrodiesCombover.]

How long till mickey is homeless?

I've noticed you never contribute anything to the forum, just troll. So off to the ignore list you go.

It took you this long to notice this, you fucking idiot

[desertrunner]

https://lasvegassun.com/news/2025/ju...LeziiLgS-v2bzQ

[Sanlmar]

I might be in trouble

[The Boz]

I might be in trouble

Being in the Top 10% shows how many of losing constantly.

Of course it’s because much of the new betting public is just buying lottery ticket prop parlays day and night.

[desertrunner]

[Dan Druff]

The top 10% accolade is a good idea.

I saw this only once on a poker site. Bowman's Poker in the mid-2000s, based out of Mauritius, was a skin of the now-defunct Boss Media Network. It was the softest site I ever played on, and that's saying a lot.

My buddy "Good Eats" and I (second time I've mentioned him in 2 days, oddly) swore to each other to keep it a secret from other pros.

Every month they posted a leaderboard with initials for biggest winners. Every single month of 2005, it was "TW" and his initials as #1 and #2, though we often traded spots. The #3 guy was an unknown dude from Florida who I later met at Bellagio, and funny enough I played with him again this April, as we were both in town at the same time.

Anyway, it felt damn good to seem my initials on the leaderboard, even though obviously it wasn't going to lead to any public accolades.


There was a huge grinder at the time who would have sat at those tables 24/7 who we especially didn't want to find out. Some of you might remember him -- SlmSimmy on Pokerstars. We especially wanted to keep it secret from him. 19 years later, in 2024, I was at dinner in Vegas, ran into him, and we talked for awhile. I finally told him about the site and how we kept it secret from him. He laughed and said we did the right thing.

[lol wow]

this seems like a massive fuck up for trump like the free speech gambling dudes who vote for him probably are getting kinda fucked

[Dan Druff]

this seems like a massive fuck up for trump like the free speech gambling dudes who vote for him probably are getting kinda fucked

The gambling part isn't going to make much of a dent in his base. It's a niche community. Lots of people gamble, but only a small percentage of those pay much attention to poker/gambling/sportsbetting Twitter.

I suppose it could matter if the media latches onto this and puts out scare stories that there's a cap on losses you can claim against winnings (which there isn't, but lots of people erroneously believe).

[lol wow]

im trying to pander to sonatine todge i do all my gambling through zelle with my brother who bets it on some illegal costa rican shell and everyone just zelles back and forth winnings and were probably down on the year

[lol wow]

also the odds are terrible lol

[desertrunner]

LAUSD Superintendent Alberto M. Carvalho held a press conference Tuesday after President Donald Trump's administration froze $6.8 billion in federal education funding allocated to Congress for the 2025-26 school year. See a breakdown of programs impacted

[sonatine]

btw