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US lawmakers pursue gambling tax changes and sweepstakes restrictions in 2025

Regulation

US lawmakers and regulators pursued gambling tax changes and action against sweepstakes casinos in 2025, while several proposed expansions of sports betting and online casinos stalled. Federal proposals included restoring the full gambling-loss tax deduction, repealing the sports betting excise tax and setting national rules for advertising, prop bets and artificial intelligence targeting.

The measures could affect gambling taxes, sweepstakes casinos and rules for sports betting and online gambling across the USA.

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Regulation

AGEM urges coordination on US gambling tax threshold changes

AGEM said the federal reporting threshold for gambling winnings subject to Form W-2G rose from $1,200 to $2,000 on 1 January 2026 under the One Big Beautiful Bill Act. In a 5 January letter, the association urged operators, suppliers and regulators to coordinate implementation, noting that some state and local rules still use the $1,200 threshold. It said suppliers must continue to comply with those requirements until they change.

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