Gambling Loss Deduction Cap Hits The 2026 WSOP As Fields Shrink

Gambling Loss Deduction Cap Hits The 2026 WSOP As Fields Shrink

The 2026 World Series of Poker is the first held since the 90% cap on gambling loss deductions took effect Jan. 1. The change can create “phantom income,” meaning players who break even or lose for the year can still owe federal tax. Early high-stakes turnout is down, with one $5,000 event drawing 570 entries … Read more

Wynn Las Vegas Hosting Two World Poker Tour Tournaments In December

Wynn Las Vegas Hosting Two World Poker Tour Tournaments In December

The WPT Prime Championship guarantees $5 million in total prizes. The final table for the WPT World Championship is on December 21. LAS VEGAS – It will be a busy December at the Wynn Casino in Las Vegas as the World Poker Tour is headed there way with two tournaments taking place this month. It … Read more