Scottie must know that there are a lot of gamblers out there who bet on him. You'd think he'd have the common courtesy to mention this malady to the media?
Most gamblers realize they're destined to lose. That being said, what is unacceptable, is not getting a fair shake for their money. Scottie did not give his wagering fans a fair shake in this tournament.
My guess is because PGA players are sort of like independent contractors, and not employees, that until they tee off, the PGA can't require them to do much before that.
However just because they aren't required, doesn't mean they shouldn't do it. Golf is supposed to be a gentleman's game. Scottie should have acted like one, and admitted beforehand that he wasn't feeling at 100% going into this tourney.
@stevek said:
My guess is because PGA players are sort of like independent contractors, and not employees, that until they tee off, the PGA can't require them to do much before that.
However just because they aren't required, doesn't mean they shouldn't do it. Golf is supposed to be a gentleman's game. Scottie should have acted like one, and admitted beforehand that he wasn't feeling at 100% going into this tourney.
It is a gentlmans game
I highly doubt Scottie had any idea the implications this thing had on the gambling world
you guys are both right, but i'm going to expand a little bit. PGA Tour players are indeed independent contractors, which makes them very unlike professional athletes who play in team sports. there's no union or traditional collective bargaining agreement, therefore they possess complete autonomy over things like their health status. Scheffler didn't owe anything to anyone, and i can assure you that he didn't even have a fleeting thought about the gambling aspect associated with his illness. that said, you often times catch wind of significant injuries/illnesses anyway, especially when it happens early in the week. but there are so many times when things spring up at the most unexpected moment. players withdraw from tournaments at the very last second sometimes. earlier this year i placed a healthy bet on Collin Morikawa and he played ONE HOLE before he WD and rode away in a cart. that's because his back gave out on #2 tee box. impossible for anyone to know that was going to happen, including him.
but since Scheffler was apparently dealing with this disease all week, it could have been leaked that he wasn't feeling well days before the tournament, idk. if it was, i missed it. but i knew something was off with him last weekend. the guy went from leaving the entire field in the dust the week prior to making so many bogeys that it literally led me to conduct a search to find out what was up. it was not the type of performance i was used to with him, so honestly i was a bit relieved to find out that he was sick. but again, i just wish i had caught even a whisper of what he was dealing with, because that definitely would have compelled me to hold off betting on him. i'm not doing it this week, but it wouldn't at all surprise me if he reverted back to his usual form.
Sorry guys, but nobody is going to convince me that someone like Scottie isn't aware of the gambling implications regarding his play. I doubt if any professional golfer is that naive in this day and age.
Remember when Scottie was arrested around a few years ago. I forget the details, but it was an accident scene of some sort, and he violated something regarding that. Enough to be arrested for it. My take on it at the time was that he cared more about his tee-off time than that precarious situation.
In this case with his malady, I think he cared more about his golf game, than what he probably feels are degenerate gamblers who are going to lose their money anyway, so who cares about them. Which of course is his prerogative. However that behavior sure doesn't seem to me like a gentlemanly thing to do. I'd have to believe that a Jack Nicklaus, Arnold Palmer, Gary Player, etc, would not have done that. They would have mentioned to the media something about the affliction. Now Tiger Woods, that's a different story.
Perhaps it would be a good idea if the PGA made it a rule that golfers are required to mention any problem or situation that could affect their play in an upcoming tourney. Not debatable, it would be the right thing to do.
it may have been revealed early in the week that he was stricken by this illness. again, idk. i honestly didn't turn on the golf channel once or read anything online as it pertained to the BMW Championship. in fact, i had not planned on placing a bet on that tournament at all. but in true impetuous fashion, i decided to take him to best Rory based solely on what happened the previous week from both guys. i literally conducted no homework whatsoever. so if we're going to be fair and balanced, i kinda deserved what i got if that information had been made public. the line dropped from -275 to -269 at my book prior to Thursday. truthfully, it gave me slight pause when i noticed that. but not enough to investigate further, which i probably should have done.
Is this about whether a golfer has an obligation to disclose an injury or illness for the purpose of odds-making? I think that’s ludicrous. Gamblers can eat dirt except I don’t mean dirt if they think like that. Lordy.
it may have been revealed early in the week that he was stricken by this illness. again, idk. i honestly didn't turn on the golf channel once or read anything online as it pertained to the BMW Championship. in fact, i had not planned on placing a bet on that tournament at all. but in true impetuous fashion, i decided to take him to best Rory based solely on what happened the previous week from both guys. i literally conducted no homework whatsoever. so if we're going to be fair and balanced, i kinda deserved what i got if that information had been made public. the line dropped from -275 to -269 at my book prior to Thursday. truthfully, it gave me slight pause when i noticed that. but not enough to investigate further, which i probably should have done.
I thought you did a good job handicapping that bet, and the value was good as well. Frankly, I forget the precise record, but I know piggybacking on certain selections from your golf picks, I'm showing a profit.
I would have jumped on that pick, but i am firmly in an abstain mode until this coming Thursday when NCAA football begins. Until then, I wouldn't bet on a ball being thrown in the air and given odds that it wouldn't come back down to earth. I'd still abstain - LOL
as i said up above, what stood out was the number of bogeys Scheffler made last week. he is numero uno on tour in bogey avoidance. prior to last week, he made a bogey less than 10% of the time. during the BMW he made 13 bogeys, or ~18%. when you're the best player and you just manifested it the week before, only for that to happen, that definitely tingles the spidey senses. at least it did mine. i knew something was up without knowing something was up. if i had performed as much due diligence before the tournament as i did after, i might have saved myself 275$
@bgr said:
Is this about whether a golfer has an obligation to disclose an injury or illness for the purpose of odds-making? I think that’s ludicrous. Gamblers can eat dirt except I don’t mean dirt if they think like that. Lordy.
Exactly! However poorly a golfer or any athlete performs due to any reason including non disclosure of an injury, he or she never forced anyone to place a bet on them.
And that’s why I hate that Portnoy guy so much. I was the only one who made a big deal about it here, everyone else just laughed it off but he was calling for the murder of that coach. How he got away with making threats like that I don’t know.
@bgr said:
Is this about whether a golfer has an obligation to disclose an injury or illness for the purpose of odds-making? I think that’s ludicrous. Gamblers can eat dirt except I don’t mean dirt if they think like that. Lordy.
Pasted:
The PGA Tour keeps its exact total earnings from gambling revenue a closely guarded secret, but the league's primary commercial goal has been to capture an estimated 1% of the overall golf betting market handle. Given that the total legal wagering handle on professional golf falls into the $4.5 billion to $5 billion range, this strategy translates to a direct and indirect revenue stream estimated at dozens of millions of dollars annually.
How the PGA Tour Monetizes Gambling:
While the tour does not receive a direct cut of every losing bet from a sportsbook like a casino does, it generates substantial gambling-related revenue through specific commercial channels.
Official Betting Partnerships:
The tour brings in tens of millions in sponsorships by naming entities like DraftKings, FanDuel, and BetMGM as "Official Betting Operators.
Media & Integration Rights:
The tour actively integrates betting into its broadcasts, such as expanding the PGA Tour Live Betcast presented by DraftKings. These integrations increase the valuation of their overall media rights packages, which total over $730 million.
Understanding the New Gambling Loss Rules: Why “Breaking Even” Could Still Cost You.
For years, many gamblers operated under a fairly simple tax assumption: If you won money and later lost it all, the IRS generally viewed you as breaking even. Starting in 2026, that view changes in a very significant way.
A new provision tied to the 2025 One Big Beautiful Bill Act introduces a limitation that could leave gamblers paying taxes even when they walk away with no actual profit. For high-volume players, the impact can be surprisingly expensive.
A Simple Example That Shows the Problem
Imagine this scenario. You begin the year with $10,000. Over the course of the year, you win $1,000,000. Congratulations! Unfortunately, you continue gambling and ultimately lose the entire $1,000,000, ending the year at your original $10,000.
From a real-world perspective, nothing changed financially. You didn’t make money. You didn’t build wealth. You simply rode the ups and downs and landed where you started. But the IRS may see it differently now. Under prior law, gambling winnings were fully taxable, but gambling losses could generally offset those winnings dollar for dollar (assuming the taxpayer itemized deductions). Based on this scenario, you would have reported $1,000,000 in winnings and deducted $1,000,000 in losses, which means your net taxable gambling income was zero. Despite your massive swings during the year, the tax result reflected the economic reality. No actual gain.
What Changes in 2026
Beginning in 2026, taxpayers can deduct only 90% of gambling losses against gambling winnings. That sounds minor at first glance. In practice, it creates a major disconnect between taxable income and actual cash profit.
If we apply the same scenario as before, you would be able to deduct up to $900,000 in gambling losses, and the IRS will treat you as having earned $100,000 in taxable income. Assuming you find yourself in the 37% tax bracket, your taxable income of $100,000 will now have an estimated federal tax burden of $37,000.
Why High-Volume Gamblers Are Most Affected
This rule disproportionately impacts gamblers with large volumes of wagers, even if their net results are modest or neutral. The issue is that gambling taxes are based on gross winnings, not final profit or loss. Frequent bettors can accumulate substantial taxable income during the year, even if their winnings are later lost. For professional gamblers, poker players, sports bettors, and casino regulars, accurate tracking is more important than ever.
Additional Rules Worth Knowing
There are a few other limitations that make gambling taxation even more complicated:
You Must Itemize Deductions. If you take the standard deduction, gambling losses generally provide no tax benefit.
Losses Still Cannot Exceed Winnings. Even under the old rules, losses could only offset winnings, not create a net loss deduction.
The 90% Limitation Applies Broadly. The new cap applies to both casual and professional gamblers, although reporting methods may differ slightly.
Gross Winnings Are Still Fully Taxable. Every dollar of gambling winnings must still be reported as income, regardless of how much was ultimately lost later.
The Takeaway
The new 90% limitation fundamentally changes the tax landscape for gambling activity. Under the upcoming rules:
Breaking even is no longer tax-neutral.
Large swings in winnings and losses can create unexpected tax bills.
Careful documentation and proactive tax planning matter far more than before.
In short: Under the new rules, it is entirely possible to lose everything you win — and still owe taxes.
90% Loss Cap: You can only deduct 90% of your gambling losses to offset your winnings, even if you itemize your taxes.
"Phantom Income": If you win $10,000 and lose $10,000 over the year, you cannot fully cancel out your wins. You must pay taxes on the leftover $1,000, even though you made zero profit. ("Phantom income" means being taxed on money you did not actually keep).
New Reporting Thresholds: Tax reporting forms like Form W-2G consolidate to a single $2,000 threshold, and sports betting is explicitly included under official reporting rules.
Understanding the New Gambling Loss Rules: Why “Breaking Even” Could Still Cost You.
For years, many gamblers operated under a fairly simple tax assumption: If you won money and later lost it all, the IRS generally viewed you as breaking even. Starting in 2026, that view changes in a very significant way.
A new provision tied to the 2025 One Big Beautiful Bill Act introduces a limitation that could leave gamblers paying taxes even when they walk away with no actual profit. For high-volume players, the impact can be surprisingly expensive.
A Simple Example That Shows the Problem
Imagine this scenario. You begin the year with $10,000. Over the course of the year, you win $1,000,000. Congratulations! Unfortunately, you continue gambling and ultimately lose the entire $1,000,000, ending the year at your original $10,000.
From a real-world perspective, nothing changed financially. You didn’t make money. You didn’t build wealth. You simply rode the ups and downs and landed where you started. But the IRS may see it differently now. Under prior law, gambling winnings were fully taxable, but gambling losses could generally offset those winnings dollar for dollar (assuming the taxpayer itemized deductions). Based on this scenario, you would have reported $1,000,000 in winnings and deducted $1,000,000 in losses, which means your net taxable gambling income was zero. Despite your massive swings during the year, the tax result reflected the economic reality. No actual gain.
What Changes in 2026
Beginning in 2026, taxpayers can deduct only 90% of gambling losses against gambling winnings. That sounds minor at first glance. In practice, it creates a major disconnect between taxable income and actual cash profit.
If we apply the same scenario as before, you would be able to deduct up to $900,000 in gambling losses, and the IRS will treat you as having earned $100,000 in taxable income. Assuming you find yourself in the 37% tax bracket, your taxable income of $100,000 will now have an estimated federal tax burden of $37,000.
Why High-Volume Gamblers Are Most Affected
This rule disproportionately impacts gamblers with large volumes of wagers, even if their net results are modest or neutral. The issue is that gambling taxes are based on gross winnings, not final profit or loss. Frequent bettors can accumulate substantial taxable income during the year, even if their winnings are later lost. For professional gamblers, poker players, sports bettors, and casino regulars, accurate tracking is more important than ever.
Additional Rules Worth Knowing
There are a few other limitations that make gambling taxation even more complicated:
You Must Itemize Deductions. If you take the standard deduction, gambling losses generally provide no tax benefit.
Losses Still Cannot Exceed Winnings. Even under the old rules, losses could only offset winnings, not create a net loss deduction.
The 90% Limitation Applies Broadly. The new cap applies to both casual and professional gamblers, although reporting methods may differ slightly.
Gross Winnings Are Still Fully Taxable. Every dollar of gambling winnings must still be reported as income, regardless of how much was ultimately lost later.
The Takeaway
The new 90% limitation fundamentally changes the tax landscape for gambling activity. Under the upcoming rules:
Breaking even is no longer tax-neutral.
Large swings in winnings and losses can create unexpected tax bills.
Careful documentation and proactive tax planning matter far more than before.
In short: Under the new rules, it is entirely possible to lose everything you win — and still owe taxes.
I'm 100% against this nonsense but I understand why it was put in place, it's too easy to claim losses
All a guy has to do is go to the local racetrack or casino and pick up betting slips until the "Losses" add up to put you "Even" or at a "Loss" with the taxes
This is the oldest truck in the book, I remember at the old dog track back in the 80's and 90's these old school guys would swarm around the ticket windows offering to cash winners for a cut so some inexperienced gambler didn't have to deal with the tax nonsense when it was as easy as picking up fistfuls of losing tickets all over the floor
I have fond memories of degenerate old school gamblers with a cigarette hanging out of their mouth scouring the floor for old tickets
Understanding the New Gambling Loss Rules: Why “Breaking Even” Could Still Cost You.
For years, many gamblers operated under a fairly simple tax assumption: If you won money and later lost it all, the IRS generally viewed you as breaking even. Starting in 2026, that view changes in a very significant way.
A new provision tied to the 2025 One Big Beautiful Bill Act introduces a limitation that could leave gamblers paying taxes even when they walk away with no actual profit. For high-volume players, the impact can be surprisingly expensive.
A Simple Example That Shows the Problem
Imagine this scenario. You begin the year with $10,000. Over the course of the year, you win $1,000,000. Congratulations! Unfortunately, you continue gambling and ultimately lose the entire $1,000,000, ending the year at your original $10,000.
From a real-world perspective, nothing changed financially. You didn’t make money. You didn’t build wealth. You simply rode the ups and downs and landed where you started. But the IRS may see it differently now. Under prior law, gambling winnings were fully taxable, but gambling losses could generally offset those winnings dollar for dollar (assuming the taxpayer itemized deductions). Based on this scenario, you would have reported $1,000,000 in winnings and deducted $1,000,000 in losses, which means your net taxable gambling income was zero. Despite your massive swings during the year, the tax result reflected the economic reality. No actual gain.
What Changes in 2026
Beginning in 2026, taxpayers can deduct only 90% of gambling losses against gambling winnings. That sounds minor at first glance. In practice, it creates a major disconnect between taxable income and actual cash profit.
If we apply the same scenario as before, you would be able to deduct up to $900,000 in gambling losses, and the IRS will treat you as having earned $100,000 in taxable income. Assuming you find yourself in the 37% tax bracket, your taxable income of $100,000 will now have an estimated federal tax burden of $37,000.
Why High-Volume Gamblers Are Most Affected
This rule disproportionately impacts gamblers with large volumes of wagers, even if their net results are modest or neutral. The issue is that gambling taxes are based on gross winnings, not final profit or loss. Frequent bettors can accumulate substantial taxable income during the year, even if their winnings are later lost. For professional gamblers, poker players, sports bettors, and casino regulars, accurate tracking is more important than ever.
Additional Rules Worth Knowing
There are a few other limitations that make gambling taxation even more complicated:
You Must Itemize Deductions. If you take the standard deduction, gambling losses generally provide no tax benefit.
Losses Still Cannot Exceed Winnings. Even under the old rules, losses could only offset winnings, not create a net loss deduction.
The 90% Limitation Applies Broadly. The new cap applies to both casual and professional gamblers, although reporting methods may differ slightly.
Gross Winnings Are Still Fully Taxable. Every dollar of gambling winnings must still be reported as income, regardless of how much was ultimately lost later.
The Takeaway
The new 90% limitation fundamentally changes the tax landscape for gambling activity. Under the upcoming rules:
Breaking even is no longer tax-neutral.
Large swings in winnings and losses can create unexpected tax bills.
Careful documentation and proactive tax planning matter far more than before.
In short: Under the new rules, it is entirely possible to lose everything you win — and still owe taxes.
I'm 100% against this nonsense but I understand why it was put in place, it's too easy to claim losses
All a guy has to do is go to the local racetrack or casino and pick up betting slips until the "Losses" add up to put you "Even" or at a "Loss" with the taxes
This is the oldest truck in the book, I remember at the old dog track back in the 80's and 90's these old school guys would swarm around the ticket windows offering to cash winners for a cut so some inexperienced gambler didn't have to deal with the tax nonsense when it was as easy as picking up fistfuls of losing tickets all over the floor
I have fond memories of degenerate old school gamblers with a cigarette hanging out of their mouth scouring the floor for old tickets
Yes, the standard rate was 10% of the ticket value. So if the "casher" ticket was worth say 3k, the fee was $300.
This new legislation truly is an abomination. Taxing "phantom" income, are you kidding me? Tough enough trying to beat the bookie's edge. Now you've also got to beat the government's edge as well.
Bottom line the way I'm seeing it. Make a profit and it's business as usual. But lose money, and the government rubs salt into the wound. 😒
Thanks. Dealing with some health issues. Best of luck to you as well.
Hope you get well soon.
Remember - healthy diet will not only prevent many maladies from occurring, but also help improve various treatments. Quick example - it's a proven fact that a healthy diet will aid say chemotherapy and immunotherapy to become more effective in fighting cancer cells.
Also, always choose organic food and drink over non-organic.
@stevek said:
This UNC-TCU game continues to puzzle me. I keep going back and forth on it. Probably pass.
I've read where it could be raining over there.
Isn't it in Ireland where the Sun refuses to go?
Yes, game starts at 12:00 our time today. I don't think I've ever put this much time into handicapping a college football game, and still can't make a decision. I just can't find any value in the line, one way or the other. The spread seems like a coin flip, and I don't play coin flips - that's bankroll suicide in the long run.
Looking at the O/U and how the weather will affect that. Very tough if not impossible to get a good grip on it, with a college opener, and no previous game form. And of course how the weather may affect the scoring. Can't make a decision on that either. If the O/U gets bet down to around 44 or thereabouts, I may take a stab at the over. Then again, I may not.
Some previous games played at this stadium. The O/U today is 46.5
Game Results and Scores at Aviva Stadium
2016 (Sept 3): Georgia Tech 17, Boston College 14
2022 (Aug 27): Northwestern 31, Nebraska 28
2023 (Aug 26): Notre Dame 42, Navy 3
2024 (Aug 24): Georgia Tech 24, No. 10 Florida State 21
2025 (Aug 23): Iowa State 24, Kansas State 21
Comments
Bettors are the last to know. Same with horses on occasion. After the race you find the excuses.
Scottie must know that there are a lot of gamblers out there who bet on him. You'd think he'd have the common courtesy to mention this malady to the media?
Most gamblers realize they're destined to lose. That being said, what is unacceptable, is not getting a fair shake for their money. Scottie did not give his wagering fans a fair shake in this tournament.
Yes, but horses can't talk. Last time I checked, Scottie is not a deaf-mute.
Obviously I was implying the excuses come from the trainers and jockeys.
i sure hope Cantlay & Schauffele don't have undisclosed hand, foot, mouth, and nutsack disease this week
-7009.09
Are they not mandated to disclose stuff like this well beforehand?
My guess is because PGA players are sort of like independent contractors, and not employees, that until they tee off, the PGA can't require them to do much before that.
However just because they aren't required, doesn't mean they shouldn't do it. Golf is supposed to be a gentleman's game. Scottie should have acted like one, and admitted beforehand that he wasn't feeling at 100% going into this tourney.
It is a gentlmans game
I highly doubt Scottie had any idea the implications this thing had on the gambling world
you guys are both right, but i'm going to expand a little bit. PGA Tour players are indeed independent contractors, which makes them very unlike professional athletes who play in team sports. there's no union or traditional collective bargaining agreement, therefore they possess complete autonomy over things like their health status. Scheffler didn't owe anything to anyone, and i can assure you that he didn't even have a fleeting thought about the gambling aspect associated with his illness. that said, you often times catch wind of significant injuries/illnesses anyway, especially when it happens early in the week. but there are so many times when things spring up at the most unexpected moment. players withdraw from tournaments at the very last second sometimes. earlier this year i placed a healthy bet on Collin Morikawa and he played ONE HOLE before he WD and rode away in a cart. that's because his back gave out on #2 tee box. impossible for anyone to know that was going to happen, including him.
but since Scheffler was apparently dealing with this disease all week, it could have been leaked that he wasn't feeling well days before the tournament, idk. if it was, i missed it. but i knew something was off with him last weekend. the guy went from leaving the entire field in the dust the week prior to making so many bogeys that it literally led me to conduct a search to find out what was up. it was not the type of performance i was used to with him, so honestly i was a bit relieved to find out that he was sick. but again, i just wish i had caught even a whisper of what he was dealing with, because that definitely would have compelled me to hold off betting on him. i'm not doing it this week, but it wouldn't at all surprise me if he reverted back to his usual form.
Sorry guys, but nobody is going to convince me that someone like Scottie isn't aware of the gambling implications regarding his play. I doubt if any professional golfer is that naive in this day and age.
Remember when Scottie was arrested around a few years ago. I forget the details, but it was an accident scene of some sort, and he violated something regarding that. Enough to be arrested for it. My take on it at the time was that he cared more about his tee-off time than that precarious situation.
In this case with his malady, I think he cared more about his golf game, than what he probably feels are degenerate gamblers who are going to lose their money anyway, so who cares about them. Which of course is his prerogative. However that behavior sure doesn't seem to me like a gentlemanly thing to do. I'd have to believe that a Jack Nicklaus, Arnold Palmer, Gary Player, etc, would not have done that. They would have mentioned to the media something about the affliction. Now Tiger Woods, that's a different story.
Perhaps it would be a good idea if the PGA made it a rule that golfers are required to mention any problem or situation that could affect their play in an upcoming tourney. Not debatable, it would be the right thing to do.
@stevek
it may have been revealed early in the week that he was stricken by this illness. again, idk. i honestly didn't turn on the golf channel once or read anything online as it pertained to the BMW Championship. in fact, i had not planned on placing a bet on that tournament at all. but in true impetuous fashion, i decided to take him to best Rory based solely on what happened the previous week from both guys. i literally conducted no homework whatsoever. so if we're going to be fair and balanced, i kinda deserved what i got if that information had been made public. the line dropped from -275 to -269 at my book prior to Thursday. truthfully, it gave me slight pause when i noticed that. but not enough to investigate further, which i probably should have done.
Please win these
Is this about whether a golfer has an obligation to disclose an injury or illness for the purpose of odds-making? I think that’s ludicrous. Gamblers can eat dirt except I don’t mean dirt if they think like that. Lordy.
I thought you did a good job handicapping that bet, and the value was good as well. Frankly, I forget the precise record, but I know piggybacking on certain selections from your golf picks, I'm showing a profit.
I would have jumped on that pick, but i am firmly in an abstain mode until this coming Thursday when NCAA football begins. Until then, I wouldn't bet on a ball being thrown in the air and given odds that it wouldn't come back down to earth. I'd still abstain - LOL
Galaxy deserves it after Scottie, uh, I'd better not say it, I might get 30 days behind bars. But it has to do with a verb and a particular body part.
as i said up above, what stood out was the number of bogeys Scheffler made last week. he is numero uno on tour in bogey avoidance. prior to last week, he made a bogey less than 10% of the time. during the BMW he made 13 bogeys, or ~18%. when you're the best player and you just manifested it the week before, only for that to happen, that definitely tingles the spidey senses. at least it did mine. i knew something was up without knowing something was up. if i had performed as much due diligence before the tournament as i did after, i might have saved myself 275$
Exactly! However poorly a golfer or any athlete performs due to any reason including non disclosure of an injury, he or she never forced anyone to place a bet on them.
And that’s why I hate that Portnoy guy so much. I was the only one who made a big deal about it here, everyone else just laughed it off but he was calling for the murder of that coach. How he got away with making threats like that I don’t know.
Pasted:
The PGA Tour keeps its exact total earnings from gambling revenue a closely guarded secret, but the league's primary commercial goal has been to capture an estimated 1% of the overall golf betting market handle. Given that the total legal wagering handle on professional golf falls into the $4.5 billion to $5 billion range, this strategy translates to a direct and indirect revenue stream estimated at dozens of millions of dollars annually.
How the PGA Tour Monetizes Gambling:
While the tour does not receive a direct cut of every losing bet from a sportsbook like a casino does, it generates substantial gambling-related revenue through specific commercial channels.
Official Betting Partnerships:
The tour brings in tens of millions in sponsorships by naming entities like DraftKings, FanDuel, and BetMGM as "Official Betting Operators.
Media & Integration Rights:
The tour actively integrates betting into its broadcasts, such as expanding the PGA Tour Live Betcast presented by DraftKings. These integrations increase the valuation of their overall media rights packages, which total over $730 million.
"Is this about whether a golfer has an obligation to disclose an injury or illness for the purpose of odds-making?"
They most certainly should. At least some of the prize money is from gambling interests.
As mentioned before, all gamblers want is a fair shake for their bets.
Typed, Copied, Deleted, Pasted:
Whatever.
Pasted:
Understanding the New Gambling Loss Rules: Why “Breaking Even” Could Still Cost You.
For years, many gamblers operated under a fairly simple tax assumption: If you won money and later lost it all, the IRS generally viewed you as breaking even. Starting in 2026, that view changes in a very significant way.
A new provision tied to the 2025 One Big Beautiful Bill Act introduces a limitation that could leave gamblers paying taxes even when they walk away with no actual profit. For high-volume players, the impact can be surprisingly expensive.
A Simple Example That Shows the Problem
Imagine this scenario. You begin the year with $10,000. Over the course of the year, you win $1,000,000. Congratulations! Unfortunately, you continue gambling and ultimately lose the entire $1,000,000, ending the year at your original $10,000.
From a real-world perspective, nothing changed financially. You didn’t make money. You didn’t build wealth. You simply rode the ups and downs and landed where you started. But the IRS may see it differently now. Under prior law, gambling winnings were fully taxable, but gambling losses could generally offset those winnings dollar for dollar (assuming the taxpayer itemized deductions). Based on this scenario, you would have reported $1,000,000 in winnings and deducted $1,000,000 in losses, which means your net taxable gambling income was zero. Despite your massive swings during the year, the tax result reflected the economic reality. No actual gain.
What Changes in 2026
Beginning in 2026, taxpayers can deduct only 90% of gambling losses against gambling winnings. That sounds minor at first glance. In practice, it creates a major disconnect between taxable income and actual cash profit.
If we apply the same scenario as before, you would be able to deduct up to $900,000 in gambling losses, and the IRS will treat you as having earned $100,000 in taxable income. Assuming you find yourself in the 37% tax bracket, your taxable income of $100,000 will now have an estimated federal tax burden of $37,000.
Why High-Volume Gamblers Are Most Affected
This rule disproportionately impacts gamblers with large volumes of wagers, even if their net results are modest or neutral. The issue is that gambling taxes are based on gross winnings, not final profit or loss. Frequent bettors can accumulate substantial taxable income during the year, even if their winnings are later lost. For professional gamblers, poker players, sports bettors, and casino regulars, accurate tracking is more important than ever.
Additional Rules Worth Knowing
There are a few other limitations that make gambling taxation even more complicated:
You Must Itemize Deductions. If you take the standard deduction, gambling losses generally provide no tax benefit.
Losses Still Cannot Exceed Winnings. Even under the old rules, losses could only offset winnings, not create a net loss deduction.
The 90% Limitation Applies Broadly. The new cap applies to both casual and professional gamblers, although reporting methods may differ slightly.
Gross Winnings Are Still Fully Taxable. Every dollar of gambling winnings must still be reported as income, regardless of how much was ultimately lost later.
The Takeaway
The new 90% limitation fundamentally changes the tax landscape for gambling activity. Under the upcoming rules:
Breaking even is no longer tax-neutral.
Large swings in winnings and losses can create unexpected tax bills.
Careful documentation and proactive tax planning matter far more than before.
In short: Under the new rules, it is entirely possible to lose everything you win — and still owe taxes.
Another example: Pasted:
90% Loss Cap: You can only deduct 90% of your gambling losses to offset your winnings, even if you itemize your taxes.
"Phantom Income": If you win $10,000 and lose $10,000 over the year, you cannot fully cancel out your wins. You must pay taxes on the leftover $1,000, even though you made zero profit. ("Phantom income" means being taxed on money you did not actually keep).
New Reporting Thresholds: Tax reporting forms like Form W-2G consolidate to a single $2,000 threshold, and sports betting is explicitly included under official reporting rules.
My take on these new tax laws, and I may be incorrect, is you'd better win money. Because if you lose money, you'll lose even more come tax time. 👎
FedEx at East Lake.Rory top 3,Fleetwood top 10.
gl my man. good to see you back at it 🤙
I'm 100% against this nonsense but I understand why it was put in place, it's too easy to claim losses
All a guy has to do is go to the local racetrack or casino and pick up betting slips until the "Losses" add up to put you "Even" or at a "Loss" with the taxes
This is the oldest truck in the book, I remember at the old dog track back in the 80's and 90's these old school guys would swarm around the ticket windows offering to cash winners for a cut so some inexperienced gambler didn't have to deal with the tax nonsense when it was as easy as picking up fistfuls of losing tickets all over the floor
I have fond memories of degenerate old school gamblers with a cigarette hanging out of their mouth scouring the floor for old tickets
Yes, the standard rate was 10% of the ticket value. So if the "casher" ticket was worth say 3k, the fee was $300.
This new legislation truly is an abomination. Taxing "phantom" income, are you kidding me? Tough enough trying to beat the bookie's edge. Now you've also got to beat the government's edge as well.
Bottom line the way I'm seeing it. Make a profit and it's business as usual. But lose money, and the government rubs salt into the wound. 😒
Thanks. Dealing with some health issues. Best of luck to you as well.
Hope you get well soon.
Remember - healthy diet will not only prevent many maladies from occurring, but also help improve various treatments. Quick example - it's a proven fact that a healthy diet will aid say chemotherapy and immunotherapy to become more effective in fighting cancer cells.
Also, always choose organic food and drink over non-organic.
Best wishes for a successful recovery!
@BLUEJAYWAY
Be well brother 🍻
Get well blue jay I was wondering why you weren’t posting much.
Thursday parlay:
Youngstown State
Southeastern Louisiana
Nicholls
North Dakota
Thanks troop for all the well wishes. Means alot. Prognosis is excellent.
I was trying to get a good pic of the lunar eclipse tonight. This was the best I could do. If you enlarge it it shows up pretty well.
__
Blood Moon
This is my favorite…. I call it white garage, blood moon, green wormhole.
Can't hit a stinking 7% profit parlay.
I'm so cold right now, if I bet the sun would come up in the morning, it wouldn't.
Love it, the moon was beaming over my way last night as well
just looked up the legs of your lay
great showing by 25-point favorite SE Louisiana
you got that foolishness out of your system early 💪
Don't know if ya happened to notice a new moon crater. That's the crash site from my computer. 😒
Nascar play at Daytona Saturday night. Any Toyota to win. Logano top 5.
Saratoga Travers race Saturday plays. Key Exacta Box Renegade with The Puma, Napoleon Solo,Golden Tempo.
This UNC-TCU game continues to puzzle me. I keep going back and forth on it. Probably pass.
I've read where it could be raining over there.
Good ol' Saratoga. The graveyard of favorites. That is until ya start betting on long shots, then those favorites spring into life. LOL
Isn't it in Ireland where the Sun refuses to go?
Yes, game starts at 12:00 our time today. I don't think I've ever put this much time into handicapping a college football game, and still can't make a decision. I just can't find any value in the line, one way or the other. The spread seems like a coin flip, and I don't play coin flips - that's bankroll suicide in the long run.
Looking at the O/U and how the weather will affect that. Very tough if not impossible to get a good grip on it, with a college opener, and no previous game form. And of course how the weather may affect the scoring. Can't make a decision on that either. If the O/U gets bet down to around 44 or thereabouts, I may take a stab at the over. Then again, I may not.
Some previous games played at this stadium. The O/U today is 46.5
Game Results and Scores at Aviva Stadium
2016 (Sept 3): Georgia Tech 17, Boston College 14
2022 (Aug 27): Northwestern 31, Nebraska 28
2023 (Aug 26): Notre Dame 42, Navy 3
2024 (Aug 24): Georgia Tech 24, No. 10 Florida State 21
2025 (Aug 23): Iowa State 24, Kansas State 21
Steve. I think everyone would enjoy you explaining how you handicap a game like this! What is your process?
I'll explain it in intricate detail after football season is over, if I'm up some money. It does involve proper positioning of the Ouija board. LOL
Just a tickle
The spread and O/U bounced around a bit, the spread got to -9.5 at one point. However at the end, wound-up exactly where it opened.