Seattle to Get an NBA Team at Even Odds
The NBA’s board of governors will meet this week in Las Vegas, and one of the key discussion topics will be league expansion.
With that new 90% limit, a frequent visitor to Las Vegas who breaks even over the course of a year, winning $200,000 and losing $200,000, no longer breaks even on his taxes. With a 90% limit, he can only deduct $180,000 in losses.
