• Iowa Looking at Multi-State Online Poker

    18 January 2012

    Newspaper

    Another possible scenario that may be coming from the U.S. Department of Justice reversal of opinion involving online gambling is multistate poker and Sen. Jeff Danielson, D-Cedar Falls believes Iowa can take full advantage.

    Those in the Iowa legislature that want to have legalized online poker in Iowa are currently working on a new plan that may open the door to multi-state poker and possibly lead to agreements with Washington D.C., Nevada and some foreign countries to combine their poker efforts similar to the multi-state lottery system in place.

    Sen. Danielson compares his proposal to the agreement Iowa has concerning Powerball and said, “We believe that because of the Department of Justice ruling, we can now have a multistate compact.” Though no timetable has officially been prepared, Danielson said he plans to draft a bill to legalize online poker soon and thinks it could be considered this session.

    The Iowa Racing and Gaming Commission released their report last month that said it estimates that the rake from online poker games could be between $13 million to $60 million annually.  This would translate to an estimate $3 million to $13 million in potential annual tax revenue assuming same tax rate as current Iowa land based casinos.

    Sen. William Dotzler, D-Waterloo would serve as the floor manager of the proposed bill and stated,

    “I think the evidence is pretty clear that Iowans are already gambling online. We are losing a lot of revenue here in the state of Iowa”

    Related News

    • 21 March 2017

      Full Flush Poker Domain Purchased With New Warning

      Full Flush Poker is a dead online poker room that was initially launched as the main room of the Equity Poker Network, an emerging online poker network that was supposed to be a non-profit type of venture. Previously, the poker room and the network both shut down around the same time, and an estimated total of over $2 million was left owed to players, affiliates and others associated with the venture in various ways.

      Read full article
    • 08 February 2016

      Bill for Online Poker in New York Gets Traction

      The situation with online poker in the United States is extremely tricky. Because the game is unlikely to be regulated on a national level, it's up to the states to regulate things one at a time. New York has been one of the states putting up the most resistance to regulating the industry, but a recent development has put players in a position of being a bit more hopeful than before.

      Read full article
    • 28 January 2016

      Russia Could Legalize Internet Poker Games

      In the past, Vladimir Putin has expressed an interest in legalizing online poker because of the sport and competition elements of the game. A lot of industry experts assumed it most likely wouldn't actually happen, but they could have been mistaken. Business Insider published an article recently that builds a pretty strong case for Russia being about to legalize the industry instead of carrying on with the current ban. The Importance of Regulation

      Read full article