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WASHINGTON STATE POKER BILL MAKING PROGRESS
Friday January 23,2015 : WASHINGTON STATE POKER BILL MAKING PROGRESS (Update)
Rep. Sherry Appleton's HB 1114 evaluated by Office of Financial Management
In a routine move applicable to new legislative proposals in Washington State, the state Office of Financial Management has published its fiscal notes on HB 1114, a measure seeking to legalise intrastate online poker introduced earlier this month by Rep. Sherry Appleton
If successful, Appleton's proposal would reverse an aggressive anti-online poker stance that has characterised Washington state for over a decade.
The OFM appears to have taken a very cautious and conservative view on the projected costs, estimating annual revenue at only $15 million. This estimate is subject to review and amendment as more detailed fees and charges are decided by lawmakers and regulatory advisers.
Implementation will take between 18 and 24 months after passage, the OFM estimates, which would indicate a possible operational launch around August 2017 should HB1114 pass into law.
HB1114 refers only to a "significant" fee to be extracted from prospective operators, which the OFM has refined to a possible $450,000, assuming a percentage of the annual predicted revenue is divided among the three card room networks proposed by the bill. That would work out at around $125,000 upfront and $25,000 a year for each network.
OFM figures predict the cost to the state of relevant testing equipment will be $10,000 in the first year and around $2,000 a year thereafter. Ten new staff positions at the state Gambling Commission would need to be created to cater for regulatory and enforcement activity.
Problem gambling oversight and counselling should be out-sourced, and five percent of fees reserved for this function, the OFM concludes.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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