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11/16/09 - A report commissioned by the state of Florida earlier this year has been presented to state officials, showing how the state could earn up to $90 million in tax revenues each year by legalising online poker.
The independent company American Poker Ventures delivered its report to the Florida Office of Program Policy Analysis and Government Accountability last week in preparation for further debate scheduled for December 1st by lawmakers. APV was assisted in its research by the UK gambling consultancy H2, which revealed that its tax estimates were based on total gross online poker rake of $226 million in the first year of legalisation, $331 million in Year 2 and $457 million in Year 3, from which the state government could expect a 20 percent cut.
The prospect of this sort of revenue will be appealing to a state desperately trying to balance its budget in trying times.
The report suggests a single-hub system that would be run by a private operator under contract with the state government after a tender process. Half the poker gross rake generated within state borders would be split among the card rooms and tribes with gaming compacts proposed as licensees, with 30 percent going to the systems operator, and the remaining 20 percent going to the state. Up to a quarter of the state’s cut would be earmarked for problem gambling charities.
Oink Country Love Slot Launches -
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
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Sensational Sixes Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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