The recent enactment of President Trump’s One Big Beautiful Bill, January 1, 2026, introduces major changes that will reshape sports betting in the UFC and beyond. UFC insider Gianni “The Greek” outlined the effects for commentator James Lynch in a candid conversation, emphasizing how professional bettors and regulated sportsbooks will adapt.
Donald Trump Increases Taxes on Sports Betting
The key tax changes under Trump’s One Big Beautiful Bill for sports betting take effect January 1, 2026: first, gamblers may deduct only 90 percent of wagering losses against winnings (from 100 percent since 1934), creating “phantom” income taxed at ordinary rates even in break-even years.