Online Poker and Games of Skill Regulation

Fri, 07 Aug 2009 09:48
U.S. Senator Robert Menendez (D-NJ) today introduced the Internet Poker and Games of Skill Regulation, Protection and Enforcement Act, legislation that would allow federally-regulated online poker and other games of skill. The legislation is designed to raise revenue while protecting families through a crackdown on predatory internet gaming sites that target minors and fleece their customers. Estimates have shown that more than $3 billion in annual revenue can be raised by licensing and regulating Internet poker. Details of legislation: This legislation provides a licensing, regulatory and taxation framework to establish a legitimate online skill game industry in the United States, while creating enhanced enforcement against those who accept illegal Internet gambling from the United States. Licensed sites would pay a 10% tax on all deposits into playing accounts, the proceeds of which would be split evenly between the federal government and the government of the state where the player is situated. The Poker Players Alliance (PPA), the leading poker grassroots advocacy group, commended Senator Menendez for introducing the Act: "Today's action by Senator Menendez is yet another powerful step towards protecting Internet freedom, protecting consumers and protecting online poker," said PPA Chairman and former Senator Alfonse D’Amato. This is greatly appreciated!! (The US governement needs more tax revenue and Online Gambling's legality seems to have shifted from a "moral" issue to a "personal freedom" issue. Do your rights as a US citizen even matter????) Regards