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Wed Jul 9 2025

Gamblers are furious over obscure provision in Trump's big tax bill

Seamus Magee, right, and Anthony Mea, both of Hoboken, New Jersey, watch the first games of the NCAA basketball tournament at the Meadowlands Racetrack, where sports fans can legally bet on March Madness games for the first time in New Jersey on March 21, 2019, in East Rutherford.

An obscure provision in Donald Trump's 'big, beautiful bill' reduces the amount gamblers can deduct from taxes for betting losses.

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