• Online Poker to Be Discussed for New York

    11 September 2015

    Onlinepokerny

    A four-hour session for the Senate Racing, Gaming and Wagering Committee is due in New York to discuss the future of Internet poker in the state. In a session being called "Discussing the Future of Online Poker in New York State," lots of expert winesses are going to be called to testify and give the state senate something to think about. One of the key individuals due to be called is John Pappas, the executive director of the Poker Players Alliance (PPA for short).

    Impact of the Discussions

    Before the discussions have even happens, there has been an impact with lots of different groups weighing in. One of the problems that's been brought up is that online poker is only a small piece of the overall online gambling pie, and if you look at neighboring New Jersey, you'll see that less than one-fifth of their total take for the state government for online gambling as a whole comes from Internet poker. On the other hand, MGM Resorts has given estimates that about $110 million each year is being spent on foreign poker sites by players from New York state.

    This study by MGM Resorts estimated earnings of $80 million in total taxes, fees and other items in revenues for the state if legalization was to happen. However, we're reminded of the large estimates given before New Jersey regulated their industry and how far the actual revenues fell compared to the estimates.

    How This Could Go

    The fact of the matter is that online poker regulation and online gambling and general has come to a screeching halt after Delaware, Nevada and New Jersey regulated the industry inside of their own borders. Projections were way off in at least two of those states, and a number of other issues like geo-related ID verification problems have really turned off a lot of states that were considering it. In other states like California, online poker is locked in the middle of a major political battle with native tribes, politicians and businessmen.

    Overall, it's too early to tell if there are good chances for success in New York right now. However, what we do know is that any movement for online poker has already hit opposition before the first committee on the subject, so chances are that it's going to be a long, hard ride.


    Related News

    • 18 August 2017

      PKR.com Players Made Whole by PokerStars

      PKR.com players are reminded that PokerStars has covered any losses you may have suffered when the MPN hosted site shut down in May. Players who had money tied up when PKR.com went into administration should have received an email in July telling them what to do. Many who had accounts at both rooms simply made a few clicks after receiving the email, logged on to PokerStars and found their money waiting; some had to have it manually processed.

      Read full article
    • 17 August 2017

      LCB Releases In-Depth Article About Advantages of Playing Online Blackjack

      Latest Casino Bonuses (LCB) recently published an in-depth, nearly 10,000-word treatise dealing with the advantages of playing blackjack online over playing in a terrestrial casino. The article is destined to become bookmarked on many serious online blackjack players' web browsers because it not only draws on the work already done by Michael Shackleford, The Wizard of Odds, it also breaks down the value of blackjack bonuses at 10 popular online casinos. Advantage Play Easter Eggs

      Read full article
    • 10 August 2017

      BingoBilly Running $25,000 Tour of America Promo

      BingoBilly is giving players 25,000 reasons to get excited for their August promotion. This is the Tour of America event, and it has a $25,000 prize pool attached to it. This event is based on the BingoBilly crew hitting the road in an RV and hitting major cities along the way. You can collect different virtual postcards in the Bingo Board Game through the chat feature, and the players with the most postcards at the end of August will get big payouts. A $25,000 Prize Pool

      Read full article