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Professional gamblers, like sports bettors, rely on high volumes of play and statistical probability to generate thin profit margins. But they could lose out on their ability to make a living.

Now, a little-known amendment to the tax code included in the One Big Beautiful Bill Act could ruin their ability to make a living at all.

Professional gamblers, like sports bettors, rely on high volumes of play and statistical probability to generate thin profit margins. Now, a little-known amendment to the tax code included in the One ...

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