What idiot wrote the “gambling“ provision into the big beautiful Bill?

[Andrew_Jackson_FTW]

I know poker players can make a profit. I suppose sports bettors could also. I don't see anyone else making a profit, except maybe a tiny fraction of blackjack card counters.

So, yes. This is targetted primarily at poker players and sports bettors. Since criminals used to make so much money with sports books, and I assume now most preople prefer to bet online or in a casino, it may be some organized crime group with lawmakers in their pockets who got this snuck in. It would encourage sports bettors to go to bookies, even with their cut of the winnings.

I believe some allies of Trump were targetting online poker a few years ago, as a way to get those players to go to casinos.

It sucks, but that's the kind of thing that is going to happen when we have absurdly complicated tax laws.

That’s a good possibility with regards to organize crime influencing the gambling provision.

We will see how this Bill affects Poker tournaments in the United States and going forward. The thing with cash games is a lot of players don’t report their full income anyway so this primarily with regards to Poker will seemingly affect tournament players and I suppose super high stakes cash game players that cannot hide massive amounts of money. To this point due to the bill cash game players are even more incentivized to not fully report their income.

 

[Seymour Flops]

That’s a good possibility with regards to organize crime influencing the gambling provision.

We will see how this Bill affects Poker tournaments in the United States and going forward. The thing with cash games is a lot of players don’t report their full income anyway so this primarily with regards to Poker will seemingly affect tournament players and I suppose super high stakes cash game players that cannot hide massive amounts of money. To this point due to the bill cash game players are even more incentivized to not fully report their income.

Correct.

I play cash at the 1/2 and 1/3 level. Some players make a lot of cash, I mean a thousand or more per session. I'd bet my next river all with the nuts - double or nothing - that they don't report any of that as income. In Texas, there is only a record that you played for a certain amount of hours. You buy chips and cash in chips, with no one taking note of the difference.

I play cheap tournaments, where everyone rebuys five or six times and the poll goes up. There's a record of me wining (occasionally), but I never came close to winning enough for a W-2G, and I've never heard of one for cash players.

The poker vloggers are very public with their wins, and they may downplay their losses for the viewers, so they may be vulnerable to audits.

 

[Crepitus]

Seems there is a lot things in the bill that few have any idea how they got there.

"with liberty, and Pork for all"