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NTRA Pushes for Tax Relief on Gambling Losses with WAGER Act
November 27th, 20254 mins

NTRA Pushes for Tax Relief on Gambling Losses with WAGER Act

Background on the Proposed Tax ChangeIn its Nov. 26 legislative update, "What's Racing Through Washington," the National Thoroughbred Racing Association noted that there has been some progress for legislation that would restore the ability of taxpayers with gambling winnings to claim 100% of their losses against those winnings.Currently 100% of such losses can be applied toward any reported winnings to determine the actual winnings for a taxpayer in a given year. But under President Trump's Big Beautiful Bill, changes would see the amount of gambling losses that could be claimed against winnings be reduced to 90% of losses. Currently this 90% deduction standard is scheduled to be in place for 2026.The change is opposed by horse racing as well as other regulated gambling in the United States: casinos, sports betting, etc.Industry Concerns and Early ReactionIn its Wednesday release the NTRA noted some signs of progress:One of President Trump's most prominent moves since returning to office has been the passage of the One Big Beautiful Bill Act, his big tax bill, on July 4th. As previously mentioned, the bill included several wins for the horse racing industry, namely 100% permanent bonus depreciation. It also included a bane for the industry—the decrease of the tax deduction on gambling losses from 100% to 90%.This change drew immediate criticism from the public as well as from lawmakers from both parties, mainly for the fact that this change would lead to gamblers potentially paying tax on "phantom income," that is, income that the gambler didn't actually earn.FAIR BET Act and WAGER ActAlmost immediately, Rep. Dina Titus (a Nevada Democrat) introduced the FAIR BET Act, and Rep. Andy Barr (a Kentucky Republican) introduced the WAGER Act. Both of these bills will restore the tax deduction to 100%. As of now, the most likely bill that will pass is Barr's, simply because of the fact that he's a Republican in a Republican-controlled House and Senate.Growing Support in CongressThere has been more good news regarding the WAGER Act and restoring the tax deduction.First, House Ways and Means Committee chairman Jason Smith (Missouri, Republican) has come out in support of restoring the deduction, and Senate Finance Committee chairman Mike Crapo (Idaho, Republican) has indicated he's supportive of a change as well. Having both of these leaders in favor of restoration is a good sign.Another good sign is the fact that multiple members of congress have signed on as co-sponsors of the bill, including Democrats. Having bipartisan support is always helpful to get a bill passed.NTRA Advocacy CampaignThe NTRA has launched a campaign supporting the passage of the WAGER Act, including an ad that ran during the Breeders' Cup World Championships.This press release has been edited for content and style by BloodHorse Staff.

BetMGM Targets Missouri Sports Betting Launch With $1,500 Bonus Fuel
November 27th, 20255 mins

BetMGM Targets Missouri Sports Betting Launch With $1,500 Bonus Fuel

Missouri BetMGM Sportsbook: $1,500 Launch Bonus ExplainedBetMGM Sportsbook has big plans for Missouri bettors when it launches in the Show-Me State on Dec. 1, 2025. The operator is expected to debut with one of the strongest welcome packages in the market, offering up to $1,500 in Bonus Bets for new users. On top of that, BetMGM will feature ongoing promotions and a platform known for its extensive betting markets and user-friendly interface.Here’s an overview of the current BetMGM pre-launch bonus special for Missouri bettors, and a look at some of its notable features.Inside BetMGM’s exclusive Missouri pre-launch bonusBetMGM’s pre-launch promotion is a two-part offer consisting of a $150 Bonus Bet and a first-bet refund of up to $1,500 in Bonus Bets.Unlock BetMGM’s $150 instant Bonus BetNew players receive $150 in Bonus Bets after meeting two requirements:Register an account and deposit at least $10.Place a winning wager of $10 or more on any sports market.Your qualifying bet must win for you to receive the Bonus Bets, so choose your wager carefully. Bonus Bets expire seven days after issuance, and only winnings generated from them are withdrawable.Missouri bettors can get $1,500 First-Bet Safety NetBetMGM will refund your first bet — up to $1,500 — in Bonus Bets if it loses. This gives new players a risk-free chance to test the platform. There are no restrictions on markets or bet types for this offer.You must register and deposit at least $10 to qualify. Bonus Bets from the refund expire after seven days and are not withdrawable.Claiming BetMGM’s Missouri sports betting pre-launch offerClaiming the bonus is straightforward:Visit the BetMGM Sportsbook website or download the standalone Android or iOS app.Select Sign Up and complete the registration form, including identity verification.Make a minimum $10 deposit using any available payment method.After BetMGM goes live in Missouri on Dec. 1, place your first wager.If the bet wins, you’ll receive the $150 Bonus Bet. If it loses, you’ll receive a refund in Bonus Bets equal to your stake, up to $1,500.Why BetMGM stands out beyond the bonusBetMGM provides several notable features beyond its welcome bonus:Daily odds boosts: Enhanced odds across major leagues for potentially bigger payouts.Ongoing promotions: Prize pools, referral bonuses and sport-specific offers throughout the year.BetMGM Rewards: A loyalty program where players earn redeemable points for every wager, usable for online bonuses or MGM Resorts perks.Same-game parlays: A smooth SGP interface with pre-built options for top leagues.Live streaming: Select live games available within the app, plus a dedicated tab for upcoming streams.Early cashout: Settle bets early to reduce losses or lock in profits.24/7 customer support: Assistance via live chat, phone or email, backed by a detailed FAQ section.What smart bettors are doing right nowWith legal sports betting finally arriving in Missouri, smart bettors can take a few steps now to be ready when BetMGM and other operators go live. Here are some launch-day preparation tips.1. Set up your game plan earlyIdentify the sports, teams and bet types you expect to wager on. Creating a simple pre-launch game plan can help keep your bankroll in check and avoid impulsive betting once the apps go live.2. Lock in a budget and know your limitsMissouri sports betting will come with fast-moving lines and enticing promos. Decide how much you’re comfortable depositing, and consider using responsible-gaming tools such as deposit limits, time limits or self-assessments.3. Compare sportsbook bonusesWhile BetMGM is offering one of the largest combined welcome packages, most Missouri sportsbooks will roll out competitive launch promos. Compare bonuses ahead of time so you can decide where to place your first deposits.4. Scout out Missouri sports bars for game dayIf you plan to bet socially, Missouri has plenty of sports bars known for strong game-day atmospheres. Several of the state’s top spots feature large TV walls, local fan bases, and easy access to Wi-Fi for live betting. Visiting one on launch weekend can make the experience even more memorable.5. Download and pre-register where allowedSome sportsbooks may allow pre-registration or pre-loading the app before Dec. 1. Getting your account set up early can help you avoid launch-day traffic jams and claim bonuses before they expire.6. Study the odds before you betFamiliarize yourself with how lines move, how live odds work and how different sportsbooks price the same markets. Being comfortable with the basics before launch day gives you a head start over casual bettors.

Rhode Island Turns Up Heat on Offshore Sports Betting
November 27th, 20254 mins

Rhode Island Turns Up Heat on Offshore Sports Betting

Regulators Target Offshore SportsbooksRhode Island regulators are cracking down on offshore sportsbooks, ordering investigations and sending cease-and-desist letters to major illegal operators.As Rhode Island weighs opening its sports betting market to more operators, regulators are tightening the screws on offshore sportsbooks and casinos.The Providence Journal reported last week that Rhode Island Attorney General Peter Neronha ordered an investigation into illegal online gambling sites. The order came after a request from the Department of Revenue.The Rhode Island Lottery, which is overseen by the Department of Revenue, this summer sent six cease-and-desist letters to offshore sportsbooks. The six letters went to:BetUSBetOnlineBovadaMyBookieWildCasinoYouWagerCould Rhode Island Sports Betting Market Grow?The illegal crackdown comes as Rhode Island officials look at potentially expanding the market.International Game Technology (IGT) is the only legal sports betting operator live in the state, operating the lottery’s Sportsbook RI app through an exclusive contract. The lottery, however, opened a Request for Information process earlier this year to gauge interest from other operators.Eight operators responded to the request by the 22 August deadline:Bally’sBetMGMDraftKingsFanaticsFanDuelIGTKambiOpenBetBally’s is based in Providence and operates two casinos in the state, as well as online casino, which launched in 2024.A bill to end the monopoly passed the Senate this year, 30-3, but failed to pass the House. The bill and lottery’s process comes following a Spectrum Gaming Group study this year that recommended adding at least three operators to the state ecosystem.“With legalised sports betting flourishing across the country, there is ample evidence on how this new industry works best for consumers and the state,” bill sponsor Senator Frank Ciccone said during the Senate approval. “And what we are seeing is that having only one company exclusively operate is not in the best interests of consumers or from a revenue-generating standpoint.”Offshore Sportsbook Crackdowns Across the USState regulators across the US have sent hundreds of cease-and-desist letters to offshore and unregulated gambling operators in recent months. That includes offshore sportsbooks, as well as unregulated, dual-currency sweepstakes operators.The Michigan Gaming Control Board alone has sent more than 100 cease-and-desist letters to illegal operators.“We remain fully committed to ensuring a fair, safe and lawful gaming environment for all Michigan residents,” MGCB Executive Director Henry Williams said. “Our actions today underscore our unwavering dedication to holding illegal operators accountable.“Shutting down these unlicensed platforms is critical not only to maintaining the integrity of Michigan’s regulated gaming industry. It also helps to protect Michigan residents from predatory practices and unreliable gambling experiences.”This year, California and other states passed bills prohibiting dual-currency sweepstakes operators. Louisiana Governor Jeff Landry vetoed legislation in his state to ban the operators, maintaining that regulators already have the power to enforce state gambling rules. The Louisiana Gaming Control Board then sent 40 cease-and-desist letters to illegal and offshore operators.Multiple states also sent cease-and-desist orders to prediction markets for offering sports event contracts. Those orders led to state and federal lawsuits focused on whether they constitute illegal sports betting and circumvent state laws. The prediction market operators argue they are federally regulated by the Commodity Futures Trading Commission.

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At GambleSpot, our team of seasoned experts brings you a wealth of industry knowledge accumulated over a decade, with a singular focus on delivering accurate and reliable information about regulated and responsible gambling in the United States. Rest assured; we painstakingly curate our offerings to feature only reputable operators, ensuring a secure and equitable gambling environment.

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Discover the best legal land-based casinos across the U.S. on GambleSpot. We provide comprehensive details about licensed casinos, ensuring you enjoy safe and regulated gaming experiences. From luxurious resorts to smaller local establishments, explore the amenities, games, and unique features each legal casino offers. Stay informed about state regulations and find the top-rated legal casinos near you for an unforgettable experience.

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Hard Rock Casino Cincinnati
Hard Rock Casino Cincinnati is an exciting casino in the heart of Ohio. It features five top-notch restaurants, a stocked liquor store, and more than 100,000 square feet of gaming floor. At Hard Rock Casino, you can find popular games like slots, video poker, blackjack, craps, roulette, let it ride, four card poker, three card poker, pai gow poker, Mississippi stud, poker, and even a sports book! Valet parking is free for Player's Club members, while non-members pay $15 to get their vehicles secure. Fortunately, there is no overnight RV parking.
1000 Broadway Street, Cincinnati, OH 45202
Phone Number: (513) 250-3150
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JACK Thistledown Racino
JACK Thistledown Racino is situated in North Randall, Ohio, offering Ohioans four restaurants and plenty of entertainment with its Video Lottery Terminals and similar slot machines. During the season, the venue also hosts live horse racing, making it a popular destination for locals looking to enjoy the full casino experience. Whether to dine, gamble, or take in a show, JACK Thistledown Racino has something for everyone.
21501 Emery Road, North Randall, OH 44128
Phone Number: (216) 662-8600
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Hollywood Gaming at Dayton Raceway
Hollywood Gaming at Dayton Raceway, located in Dayton, Ohio, offers Video Lottery Terminals which are similar to slots machines. Along with these games, guests can also place bets in the Sportsbook. During the live harness racing season visitors of Hollywood Gaming at Dayton Raceway can experience the exciting atmosphere of the track. Whether playing the slots or placing bets, this casino is the perfect place for all your gaming needs.
777 Hollywood Blvd, Dayton, OH 45414
Phone Number: (937) 329-9828
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Belterra Park Gaming & Entertainment Center
Belterra Park Gaming and Entertainment Center is located in Cincinnati, Ohio and offers a variety of entertainment activities. The center includes Electronic Gaming Machines and Sports Book, as well as live racing seasonally. It also features many different dining and entertainment options. Whether you're in town for the live racing season or just out for some fun, Belterra Park Gaming and Entertainment Center is sure to be a great place for you to visit.
6301 Kellogg Rd, Cincinnati, OH 45230
Phone Number: (513) 232-8000
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Hollywood Casino Toledo
Hollywood Casino Toledo features 125,000 square feet of gaming excitement. There are four restaurants offering a variety of tasty choices. Slots, video poker, blackjack, craps, roulette, mini-baccarat, poker, Pai Gow poker, Texas Hold'Em, Three Card Poker, Mississippi Stud, and a sportsbook provide plenty of entertainment for Ohioans and those from other states. Head to Toledo for a night out at Hollywood Casino Toledo and never have a dull moment.
1968 Miami Street, Toledo, OH 43605
Phone Number: (419) 661-5200
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Hollywood Casino Columbus
Hollywood Casino Columbus is situated in the heart of Columbus, Ohio. Boasting a vast 120,317 square feet casino space, the Hollywood Casino has something for everyone! Enjoy a wide selection of slots, video poker, blackjack, craps, roulette, three card poker, four card poker, Let It Ride, Casino War, Poker, Sic Bo, Mini-Baccarat, Big 6 Wheel, Pai Gow Poker, Ultimate Texas Hold 'Em, Mississippi Stud, and a Sportsbook. With its 65 tables and 1,900 machines, the Hollywood Casino experience is truly unforgettable. The venue also provides five restaurants and free valet parking for an extra special touch. So, if you're looking for an exhilarating experience in Columbus, Ohio, the Hollywood Casino Columbus could be the ideal place for you!
200 Georgesville Road, Columbus, OH 43228
Phone Number: (614) 308-3333
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Hollywood Gaming at Mahoning Valley Race Course
Hollywood Gaming at Mahoning Valley Race Course is a popular entertainment destination in Youngstown, Ohio. Featuring only electronic gaming machines, plus a full season of exciting live racing, this is an arcade lover's haven! You won't find any table games or slots here, but instead, you can experience the thrill of electronic gaming, make bets on horse races, and even purchase tradable credits that can be redeemed for winnings. There's something for every type of gamer here, so come join the fun!
655 North Canfield Niles Road, Youngstown, OH 44515
Phone Number: (877) 788-3777
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JACK Cleveland Casino
JACK Cleveland Casino is located in Cleveland, Ohio and features 96,000 square feet of gaming space. Toll-free (855) 746-3777, JACK Cleveland Casino offers an array of exciting games including slots, video poker, blackjack, craps, roulette, poker, baccarat, pai gow poker, let it ride, three card poker, four card poker, and Mississippi stud. For a unique gaming experience, customers can find "stadium style" table games here. JACK Cleveland Casino also offers four restaurants, each offering discounts for Players Club members. Rates for parking vary based on the day of the week and the level of play. Buffet prices range from $26 with excellent discounts on Fridays and Saturdays. The buffet is closed Mondays and Tuesdays.
100 Public Square, Cleveland, OH 44113
Phone Number: (216) 297-4777
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MGM Northfield Park
MGM Northfield Park is a fun and entertaining casino located in Northfield, Ohio. Offering free admission and a variety of games, this destination is sure to keep visitors entertained. Games offered include Video Lottery Terminals, Sportsbook and Daily Simulcast. During the live racing season, visitors can enjoy the horse races. Come and have some fun at MGM Northfield Park and see why it's a popular Ohio destination!
10777 Northfield Rd, Northfield, OH 44067
Phone Number: (330) 908-7625
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Scioto Downs Racino
Scioto Downs Racino is located in Columbus, Ohio, offering free or $2 admission on Thursdays through Saturdays. Games include a variety of Video Lottery Terminals (VLTs) - similar to slot machines. Live Racing is also offered seasonally, and simulcasting is available daily. Experienced players and newcomers alike are drawn to Scioto Downs Racino for its exciting gaming options.
6000 S High Street, Columbus, OH 43207
Phone Number: (614) 295-4700
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Miami Valley Gaming
Miami Valley Gaming, located in Lebanon, Ohio, offers gaming experiences for everyone. With three restaurants, a free admission, and a wide selection of Video Lottery Terminals and sports betting, you can enjoy a fun day of gambling at this establishment. For an added bonus, the casino offers live harness racing seasonally and daily simulcasting. The variety of games makes it a perfect getaway for any Ohioak!
6000 SR 63, Lebanon, OH 45036
Phone Number: (513) 934-7070

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