erinwootan

Follow Up: Internet Poker Legislation

Posted on: March 23, 2011

As a follow-up to yesterday’s post, The Fight to Legalize Internet Poker, I found this very interesting post by David Schwartz on the Two Way Hard Three blog. The new bill, AB258, which can be read in it’s full text here, would in essence allow Nevada to legislate and operate online poker operations. The Nevada Gaming Commission would be in charge of regulating the new industry. This would include things like geographic verification of where the player is located as well as they would have to find a way to verify the player’s age. The NGC would also have to ensure the privacy of its players and have a way to guarantee the honesty of the game. The tax rate for players and games within the state would likely remain at 6.75%, and the tax rate for players and games in other jurisdictions would likely be 4%. It is uncertain at this time what kind of economic boost this would provide to the state of Nevada, but I think at this time, any economic boost would be helpful.

Another point I made in my previous post had to do with whether or not the established online poker companies could or would be granted a license in Nevada, even though they were technically breaking the federal law (UIGEA). The new bill specifically points out that unlicensed operators are not to be denied a license in Nevada for that reason alone. This part of the bill would likely draw some opposition from current casino operators in Nevada who feel that they will not be able to compete with these companies once the law is passed. In any case, it will be very interesting to see how this plays out.

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1 Response to "Follow Up: Internet Poker Legislation"

[…] All About Erin Follow Up: Internet Poker Legislation […]

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About Me

This blog is devoted to the gaming industry news and information - keeping you up to date on the happenings in the gaming world. My personal expertise lies in event planning and entertainment in casinos.

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