Posts Tagged ‘Online.Poker’

Thoughts on the Reid/Kyl Online Poker Bill

Sunday, October 21st, 2012

On Friday, copies of the purported Internet Gambling Prohibition, Poker Consumer Protections, and Strengthening UIGEA Act of 2012 appeared. The draft of the legislation is just that: a draft. The actual legislation that might pass Congress in the lame duck session could be wildly different. In any case, I’ve read through the legislation and have some thoughts on it (on the tax, poker, and public policy aspects of the measure). Because some of you are not interested in this legislation, I’ve put the analysis in the cut below.

Can Online Gambling Help Solve State Debt Woes?

Monday, June 25th, 2012

That’s the question this FoxBusiness report asks. (I am quoted in the story.) Of course, convincing politicians that enacting something that the public actually wants and that brings in tax revenues that the public wants to pay should be a no-brainer.

Yet in the recent California legislative session the state could not enact legislation. Nevada has already licensed two online poker sites (play is likely to begin in early 2013). Other states are almost certain to follow. The big question is will federal legislation be enacted. The odds are against it, but something could happen in the Lame Duck session following the November elections.