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High-stakes gamblers lose bid to avoid paying taxes on ‘phantom’ winnings (BETZ:NYSEARCA)

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Jan. 26, 2026 6:39 AM ETRoundhill Sports Betting & iGaming ETF (BETZ)MGM, WYNN, BYD, PENN, MCRI, CHDN, CNTY, FLL, CZR, ELYS, FLUT, DKNG, RRR, RSI, GENI, SRAD, BALYBy: Clark Schultz, SA News Editor
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High-stakes gamblers took a loss on Capitol Hill when the bid in the House of Representatives to fully restore the federal tax deduction for gambling losses failed. That development left in place a new rule that caps gambling loss deductions at

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