You are welcome

You ate right we do need to keep fighting.

5/ This will most likely harm the regulated market as the cap will undermine the competitive edge of domestic regulated gambling. If high-volume players leave, the overall liquidity and attractiveness of legal platforms could decline, further discouraging recreational players.

4/ What will most likely happen is the new gambling loss deduction changes will push a significant number of gamblers, especially high-volume and professional bettors, to offshore, unregulated gambling sites.

3/ This is "phantom" income when you break even or even have a loss. Additionally, This is income where no taxes have been withheld and if it were to put you in the 37% tax bracket you would owe the IRS $37,000. You would also owe state taxes, if you state has an income tax rate.

2/ Prior to 2026 if you won 1 million and lost 1 million you would take 100% of the losses against your winnings and no taxable income. Starting in 2026 you would only be able to take 90% of you losses and would have to report $100,000 in taxable income.

1/ For the casual gambler this may not have much impact. However, this is going to hurt professional gamblers and people who have significant gambling winnings since they gamble every day.

Thank you for including me Hopeful. I really appreciate it.

Thank you so much for including me Marcie.