Sports Betting Taxes in 2025 + 2026: CPA Explains Why the 90% Rule Isn’t the End for Pros

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Added 13 hours ago by

2 Views

In this episode, we sit down with Gary Kondler (CPA) from Kondler & Associates to break down one of the hottest topics in the betting world right now — the “Big Beautiful Bill” and the change from 100% → 90% gambling loss deductions.

Gary gives a very different perspective than what many bettors have been hearing online:
???? Professional sports betting is NOT ending in 2025.
???? You should NOT panic about the new deduction rules.
???? There are smart ways to structure your betting activity so you stay protected.

We cover everything sports bettors need to know heading into 2025:

???? When you should consider filing as a professional
???? Whether the “phantom income” fear is actually real
???? How prediction markets fit into your tax picture
???? What recreational bettors should expect
???? How to keep clean, organized, defensible betting records
???? What the IRS actually looks for
???? And how the new rules might impact long-term bettors

If you bet seriously — or plan to — this is a must-watch conversation with one of the most respected CPAs in the gambling space.

Contact Gary directly for a free consultation ????

https://kondlercpa.com