North Carolina’s Budget Squeezes Sportsbooks and Goes Easy on Prediction Markets

North Carolina Sports Betting Tax | Jumps to 23% in Budget

The state’s fresh budget makes operating a sportsbook pricier while giving a competing product a gentle landing, and a few legislators fear the imbalance could siphon off the very dollars the increase was supposed to bring in. In one budget, North Carolina made sportsbooks costlier to operate and, at the very same moment, gave a … Read more

Gambling Loss Deduction | 90% Cap in Effect for 2026

Gambling Loss Deduction | 90% Cap in Effect for 2026

Gamblers Now Owe Tax on Money They Never Won. The Fix Is Stuck in Congress. The federal gambling loss deduction changed on Jan. 1, 2026, and the change is now real money out of real pockets. Under the old rule, a gambler who itemized could deduct losses up to the full amount of winnings, so … Read more