[defen]

The IRS has various rules in place that determine whether gambling is your business / profession. If you qualify as a professional gambler, you can deduct losses against your winnings (just like casual gamblers can) but you can also deduct your "business expenses" (e.g. cost of travel, hotels, meals, etc that you spend in pursuit of your business).

[yieldcrv]

2017 tax reform took all of that away for gamblers. they are on as equal footing as casual gamblers, at least for when net losses exist, there are no more NOLs to carry forward (or back) which is what made that status the most useful

https://www.journalofaccountancy.com/issues/2018/oct/pro-gam...

but some deductions maybe yeah

[mattmaroon]

I did not know that! That was well after the decade where I qualified.