Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.

A small provision added to President Donald Trump’s “One Big Beautiful Bill Act” — that came to light days before the president signed the bill into law July 4 — could have a major impact on sports betting.

President Trump's " big, beautiful bill" legislation hasn't hit the jackpot with gamblers and the wider gaming industry. The big picture: Gamblers are angry over a provision that could see bettors lose money even when they come out ahead during tax time — something that lawmakers are already making moves to repeal.