One Big Beautiful Bill Could Destroy Gambling (Here's How)

Would you like to learn more about minimizing your taxes? Schedule a free consultation here: https://aba.link/62c

In this video, I'm breaking down a game-changing new tax law under Trump’s “One Big Beautiful Bill” Act that could dramatically impact gamblers starting January 1st, 2026.

The new rule limits wagering loss deductions to 90%, even for professional gamblers with detailed records—potentially triggering phantom income taxes.

That means you could owe taxes on winnings you never actually profited from.

Whether you're a sports bettor, poker pro, or casual gambler, this update could cost you thousands unless you plan ahead.

🔔 Don't forget to subscribe for more insights on real estate investing and business strategies!

Show Notes:
0:00 - Intro
1:30 - What the New Law Actually Says
3:23 - Professional Gambler with High Stakes
4:38 - Semi-Pro or Frequent Sports Bettor
5:35 - Truly Casual Gambler
7:05 - What You Should Do Before 2026
8:59 - Final Thoughts
---------------------------------------------------------------------------------------------------------
SUBSCRIBE
https://aba.link/subscribe

~~~~

FREE TAX & ASSET PROTECTION WORKSHOP
Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/632

TAX TUESDAY LIVE
Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/rp8

Download Your Digital Copy Of
Infinity Investing: How The Rich Get Richer And How You Can Do The Same 👉 https://inf.link/8zu

OTHER ANDERSON ADVISOR EVENTS
Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life.
https://aba.link/tobyevents

~~~~

FINANCIAL PLANNING & TAX RESOURCES

📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook

Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop

Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba

~~~~

FOLLOW US:
Instagram: https://aba.link/instagram
Facebook: https://aba.link/facebook
Twitter: https://aba.link/twitter
LinkedIn: https://aba.link/linkedin
TikTok:   / tobymathisesq  

~~~~

CONTACT US
Phone: 800.706.4741
Email: [email protected]
Fax: 702.664.0545

ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
---------------------------------------------------------------------------------------------------------
WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture.

The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#gambling #taxtips #gamblingtax