Predictorama

Youre going to get taxed to hell if your not careful 

https://youtu.be/EuYo9nCvkI0

https://youtu.be/FWmjF1I12nY

You can only deduct 90% of your losses and may pay taxes even if you lose a lot during the year in 2026. 

https://youtube.com/shorts/dfzZggSunKU?si=ZZv6JqhwH5vDIjWv

We will have to. The tax situation is unacceptable. You legalize but the we cant win. 

Under the tax bill (OBBBA)  in 2026, you cant write off all of your losses. So if you break even for the year, they hit you with whatever is left of your 90% deduction as taxable income… meaning on your taxes starting 2026, you are potentially paying a boat load of tax even if you didnt win anything for the year!   Are only sportsbook apps going to calculate this and what if you are betting on a kiosk or inside a casino…

i bring this up because there is a good chance that most bettors are going to winning half their bets and losing half their bets or close to it. This creates big tax liability and makes it near impossible to overcome the 90% deduction. 

i am wondering 

how are sportsbook apps, online casinos and casinos going to caluclate this? What wagers? What bets? What payout ratios?

What about limits? What the heck is going on?!

It appears almost bad for business ... am i missing something here? Are gamblers like us going to put up with this?  

See article: https://taxfoundation.org/blog/gambling-loss

Under the tax bill (OBBBA)  in 2026, you cant write off all of your losses. So if you break even for the year, they hit you with whatever is left of your 90% deduction as taxable income… meaning on your taxes starting 2026, you are potentially paying a boat load of tax even if you didnt win anything for the year!   Are only sportsbook apps going to calculate this and what if you are betting on a kiosk or inside a casino…

i bring this up because there is a good chance that most bettors are going to winning half their bets and losing half their bets or close to it. This creates big tax liability and makes it near impossible to overcome the 90% deduction. 

i am wondering 

how are sportsbook apps, online casinos and casinos going to caluclate this? What wagers? What bets? What payout ratios?

What limits? What the heck is going on?!

It appears almost bad for business ... am i missing something here? Are gamblers like us going to put up with this?  

https://taxfoundation.org/blog/gambling-loss

https://taxfoundation.org/blog/gambling-loss

Under the tax bill (OBBBA)  in 2026, you cant write off all of your losses. So if you break even for the year, they hit you with whatever is left of your 90% deduction as taxable income… meaning on your taxes starting 2026, you are potentially paying a boat load of tax even if you didnt win anything for the year!   Are only sportsbook apps going to calculate this and what if you are betting on a kiosk or inside a casino…

i bring this up because there is a good chance that most bettors are going to winning half their bets and losing half their bets or close to it. This creates big tax liability and makes it near impossible to overcome the 90% deduction. 

i am wondering 

how are sportsbook apps, online casinos and casinos going to caluclate this? What wagers? What bets? What payout ratios?

What limits? What the heck is going on?!

It appears almost bad for business ... am i missing something here? Are gamblers like us going to put up with this?  

Under the tax bill (OBBBA)  in 2026, you cant write off all of your losses. So if you break even for the year, they hit you with whatever is left of your 90% deduction as taxable income… meaning on your taxes starting 2026, you are potentially paying a boat load of tax even if you didnt win anything for the year!   Are only sportsbook apps going to calculate this and what if you are betting on a kiosk or inside a casino…

i bring this up because there is a good chance that most bettors are going to winning half their bets and losing half their bets or close to it. This creates big tax liability and makes it near impossible to overcome the 90% deduction. 

i am wondering 

how are sportsbook apps, online casinos and casinos going to caluclate this? What wagers? What bets? What payout ratios?

What limits? What the heck is going on?!

It appears almost bad for business ... am i missing something here? Are gamblers like us going to put up with this?  

@Predictorama

 https://taxfoundation.org/blog/gambling-loss

Under the tax bill (OBBBA)  in 2026, you cant write off all of your losses. So if you break even for the year, they hit you with whatever is left of your 90% deduction as taxable income… meaning on your taxes starting 2026, you are potentially paying a boat load of tax even if you didnt win anything for the year!   Are only sportsbook apps going to calculate this and what if you are betting on a kiosk or inside a casino…

i bring this up because there is a good chance that most bettors are going to winning half their bets and losing half their bets or close to it. This creates big tax liability and makes it near impossible to overcome the 90% deduction. 

i am wondering 

how are sportsbook apps, online casinos and casinos going to caluclate this? What wagers? What bets? What payout ratios?

What limits? What the heck is going on?!

It appears almost bad for business ... am i missing something here? Are gamblers like us going to put up with this?  

Under the tax bill (OBBBA)  in 2026, you cant write off all of your losses. So if you break even for the year, they hit you with whatever is left of your 90% deduction as taxable income… meaning on your taxes starting 2026, you are potentially paying a boat load of tax even if you didnt win anything for the year!   Are only sportsbook apps going to calculate this and what if you are betting on a kiosk or inside a casino…

i bring this up because there is a good chance that most bettors are going to winning half their bets and losing half their bets or close to it. This creates big tax liability and makes it near impossible to overcome the 90% deduction. 

i am wondering 

how are sportsbook apps, online casinos and casinos going to caluclate this? What wagers? What bets? What payout ratios?

What limits? What the heck is going on?!

It appears almost bad for business ... am i missing something here? Are gamblers like us going to put up with this?  

thank you for your attention to this matter. 

it almost seems bad for business … am i missing something here? 

Under the tax bill (OBBBA)  in 2026, you cant write off all of your losses. So if you break even for the year, they hit you with whatever is left of your 90% deduction as taxable income… meaning on your taxes starting 2026, you are potentially paying a boat load of tax even if you didnt win anything for the year!   Are only sportsbook apps going to calculate this and what if you are betting on a kiosk or inside a casino…

i bring this up because there is a good chance that most bettors are going to winning half their bets and losing half their bets or close to it. This creates big tax liability and makes it near impossible to overcome the 90% deduction. 

i am wondering 

how are sportsbook apps, online casinos and casinos going to caluclate this? What wagers? What bets? What payout ratios?

What limits? What the heck is going on?!

It appears almost bad for business ... am i missing something here? Are gamblers like us going to put up with this?

thank you for your attention to this matter. 

it almost seems bad for business … am i missing something here? 

Under the tax bill (OBBBA)  in 2026, you cant write off all of your losses. So if you break even for the year, they hit you with whatever is left of your 90% deduction as taxable income… meaning on your taxes starting 2026, you are potentially paying a boat load of tax even if you didnt win anything for the year!   Are only sportsbook apps going to calculate this and what if you are betting on a kiosk or inside a casino…

i bring this up because there is a good chance that most bettors are going to winning half their bets and losing half their bets or close to it. This creates big tax liability and makes it near impossible to overcome the 90% deduction. 

how are sportsbook apps, online casinos and casinos going to caluclate this? What wagers? What bets? What payout ratios? What limits? What the heck is going on?!

It appears almost bad for business … am i missing something here? Are gamblers like us going to put up with this? 

https://taxfoundation.org/blog/gambling-loss

Omg that was so bad

Indiana by 27 against the team with best point differential in nba history.. ??.  With a star who has a calf strain. 

@Jimmy_Cats

 Please elaborate and show me whats in that empty brain of yours. You will embarrass yourself i promise. 

So what im saying is this: okc will win the championship in 7 … they will not allow Indiana to win it . This is what they are reserving master rigging official scott foster for. They want you to know that they are fixing it and there is nothing you can do about it. 

But what ive noticed most about the controlling mechanisms of pro sports is they dont seem to want to allow long shot to win the championship final…. For example Indiana was over 100-1 at some point before the playoffs.. and okc has been favored to win it all most of the year along with the celtics.