Poker Hall of Famer Erik Seidel has won 10 World Series of Poker bracelets while earning tens of millions of dollars in tournaments. But like many less prominent players, he’s now rethinking his career thanks to a federal tax change that will soon make gambling less profitable.
“Next year I am kind of forced into retirement,” the longtime Las Vegas resident told The Nevada Independent. “Everyone who I’ve spoken to plans on either cutting back or stopping.”
The reason Seidel might have to retire is a tax law change enacted through the One Big Beautiful Bill Act signed by President Donald Trump in July.
