{"id":246,"date":"2025-08-11T04:59:37","date_gmt":"2025-08-11T04:59:37","guid":{"rendered":"https:\/\/dailypost.news\/?p=246"},"modified":"2025-08-11T06:11:25","modified_gmt":"2025-08-11T06:11:25","slug":"trump-allows-americans-to-bet-their-401k-on-blackjack-and-slots","status":"publish","type":"post","link":"https:\/\/dailypost.news\/en\/2025\/08\/trump-allows-americans-to-bet-their-401k-on-blackjack-and-slots\/","title":{"rendered":"Trump Allows Americans to Bet Their 401(k) on Blackjack and Slots"},"content":{"rendered":"\n<p>In a policy move that stunned both Wall Street and Las Vegas, former President Donald Trump announced support for legislation allowing Americans to gamble their <a href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/retirement-and-retirement-plans\/401k-plans\">401(k)<\/a> retirement savings in casinos.<\/p>\n\n\n\n<p>Speaking at the <a href=\"https:\/\/bellagio.mgmresorts.com\/\">Bellagio Hotel and Casino<\/a>, Trump said the change \u201cgives hardworking Americans the freedom to invest \u2014 or double down \u2014 as they see fit.\u201d Under the proposal, approved accounts could be transferred directly to participating casino loyalty programs.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.dol.gov\/\">U.S. Department of Labor<\/a> would oversee the initiative, requiring casinos to provide \u201crisk awareness seminars\u201d before participants play. These seminars, according to Trump, will feature \u201cAmerica\u2019s best card dealers and a motivational DJ.\u201d<\/p>\n\n\n\n<p>Critics warn the policy could wipe out retirement savings for millions. The <a href=\"https:\/\/www.aarp.org\/\">American Association of Retired Persons<\/a> called it \u201cthe most dangerous investment strategy since betting your mortgage on Beanie Babies.\u201d<\/p>\n\n\n\n<p>Supporters argue the move could boost the struggling casino industry and increase tax revenue. Las Vegas operators are already preparing special tables labeled \u201c401(k) Express,\u201d offering reduced minimum bets and free commemorative chips for first-time players.<\/p>\n\n\n\n<p>If passed, the law would take effect next summer, just in time for the <a href=\"https:\/\/www.wsop.com\/\">World Series of Poker<\/a>. Trump closed his announcement with a grin, saying, \u201cIn America, you should be able to retire rich \u2014 or at least have fun trying.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a policy move that stunned both Wall Street and Las Vegas, former President Donald Trump announced support for legislation allowing Americans to gamble their 401(k) retirement savings in casinos. Speaking at the Bellagio Hotel and Casino, Trump said the change \u201cgives hardworking Americans the freedom to invest \u2014 or double down \u2014 as they&#8230;<\/p>\n","protected":false},"author":2,"featured_media":249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[3],"tags":[25,26],"class_list":["post-246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-society","tag-401k","tag-pension-savings"],"_links":{"self":[{"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/posts\/246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/comments?post=246"}],"version-history":[{"count":1,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/posts\/246\/revisions"}],"predecessor-version":[{"id":248,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/posts\/246\/revisions\/248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/media\/249"}],"wp:attachment":[{"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/media?parent=246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/categories?post=246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/tags?post=246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}