• Nevada Trying to Regulate U.S. Online Poker

    11 March 2011

    Now it is Nevada’s turn. BDR 41-657 is the name of the bill that was proposed yesterday in the Nevada State Assembly that would legalize online poker. Majority Whip William Horne (D-Las Vegas) introduced the bill which has the support of former Speaker and current lobbyist for PokerStars, Richard Perkins.

    The bill does have some of the same qualities of the bills in New Jersey, Florida, California and Iowa but with one glaring omission. Nevada does not look to restrict its online poker to Nevada residents only. Nevada’s bill, which can be read here, will enable the overseeing Nevada Gaming Commission to “enter into compacts with other jurisdictions where interactive gaming is not prohibited … and authorizing the commingling of games and pots between such jurisdictions.”

    Nevada will also pay 4% of the gross revenue that come from players from the other jurisdictions and whose operators have a Nevada license. This bill would be similar to states sharing the lottery. Another twist in this bill is that operators applying for a license could not be denied a license if before the date this bill would go in effect, “operates, operated or was associated with, in interstate or foreign commerce and while licensed by another jurisdiction, one or more Internet poker operations which were unlicensed in the United States or the State of Nevada and in which bets or wagers were initiated, received or otherwise made by persons located in the United States.”

    Basically, “Hello World”. This would open up potential licenses to PokerStars, Bodog, FullTilt, Party Poker, Microgaming and anyone else who currently is not operating in the U.S. because of the UIGEA or is operating in what some call the gray area of the law.

    The Assembly Committee on Judiciary is scheduled to look into the bill on March 24th. There is a lot to look over because this bill looks like a bold attempt by Nevada to regulate and control the entire U.S. online poker industry. I am sure there will be reaction from not only other states but the federal government as well.

    Nevada Senator Harry Reid tried to push through a federal online gambling bill during the last session but it died in December, a spokesperson for Reid, Zac Petkanas said;

    “The writing has been on the wall that if the federal government doesn’t act to regulate Internet poker, then states will try to do so.” Petkanas added, “A federalized market — regulated by proven regulators like the Nevada Gaming Control Board and coupled with tough new measures to stop illegal Internet gambling — is the right way to go.”

    Related News

    • 03 November 2015

      Gains for Nevada's September Gambling Revenues

      Nevada is known for being the largest state for gambling in the USA, and when they have a three-month period of declining gambling revenues, it starts to be a little scary for the industry as a whole. Thankfully, they ended this losing streak in September and showed a fair amount of growth. They found that the total winnings for the month of September were about $916.3 million, and that's a 1.5 percent boost from September of 2014. Baccarat Changes

      Read full article
    • 11 September 2015

      PayPal Enters Nevada Online Poker Market

      In many parts of the world, PayPal is a viable and common method for making reliable deposits and withdrawals for various forms of online gambling. In the United States, however, they pulled out of that market over a decade ago. For the first time, however, they are offering payments for online poker in Nevada through Caesars Interactive Entertainment. This is being offered for players on the WSOP.com platform with expansions coming soon. Future Expansion

      Read full article
    • 04 September 2015

      US Plans Revealed for World Poker Fund

      The laws for online poker in the United States are all over the place. Federal laws like the Wire Act and UIGEA overlap with state laws, which are different in virtually all of the 50 states, to create chaos and confusion among players. The World Poker Fund releases this, and they have announced that they're going to push for subscription-based poker sites in the United States. These plans are expected to be rolling out by the end of the year. Why Subscription-Based?

      Read full article