I've been told more than a few times that this will be corrected at some point but unlikely that it happens this year.

If that does happen at any point after Jan 1, 2026, "will it be retroactive?" is the question.

For now, the few pro horse racing gamblers are likely going to forego their rebate and fire away in the pools via cash is my educated conjecture. They will likely use agents to bet in cash from multiple locations including across one of the borders to not draw attention (spreading wagers out over multiple people) and for tax reasons. (typically Canadian gambling winnings are tax free)

ADW's are not required to report all of your winnings to the IRS and the latest law did not change that. However, like SoCalMan I wonder if the IRS decides otherwise but as of now my understanding is the w2-g winnings are the only reported amounts per the rules as previously stated: (winnings are $600 or more And winnings are 300x the amount of the wager).

As for the trade off here . . . I have always just **assumed** that the depreciation and breeding Celebrations by NTRA for the Kings of the Sport in the Big Beautiful Bill were at the expense of the lowly gamblers who are looked at with disdain by the acceptable folks in society.

Happy Gambling in 2026!! (you might just be gambling on if the ADW's are required to report All of your documented gambling activity at some point)