Three NBA figures were arrested: current Heat guard Terry Rozier, current Trail Blazers coach Chauncey Billups and former NBA player and coach Damon Jones.

Australia has the highest gambling losses per person in the world, according to the Australian Christian Lobby (ACL), which is urging the government to confront what it calls a national addiction crisis fueled by powerful industry interests.

A day after Trail Blazers head coach Chauncey Billups and Heat guard Terry Rozier were among those arrested in an FBI probe into sports gambling, NBA commissioner Adam Silver said he was "deeply disturbed" by the allegations.

The FBI and Justice Department announced indictments involving an alleged illegal sports betting and gambling investigation with ties to the Mafia.

Public Law No. 119-21, 139 Stat. 72 (2025) — known as the One Big Beautiful Bill Act — introduces a change to the treatment of gambling losses under the Internal Revenue Code. Gamblers could deduct up to 100% of their gambling losses, up to the amount ...

In July, President Donald Trump signed into law the “ One Big Beautiful Bill Act,” introducing a significant change to the way gambling losses are treated for federal tax purposes. The shift, which caps the deduction of gambling losses at 90% of ...