Overview
- He made the remarks Tuesday to reporters aboard Air Force One, saying he would "have to think about" dropping the levy on winnings.
- The idea builds on his tax agenda that already removed federal taxes on tips and overtime under the One Big Beautiful Bill Act signed this summer.
- No legislation or regulatory proposal has been introduced, so current IRS reporting and withholding rules for gambling income remain in effect.
- Fiscal analysts caution the move would widen deficits, citing the Bipartisan Policy Center’s roughly $3.4 trillion ten‑year cost estimate for OBBBA and disputing that tariffs or investment inflows could offset lost revenue.
- Nearly 60% of U.S. adults reported gambling in the past year, indicating any change would affect a large share of taxpayers.