• 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

    • 01 February 2017

      US Attorney General Pick Sessions May "Revisit" Online Gambling

      One of the most important pieces of legalese that has come down in the United States for online gambling in the United States was a 2011 opinion about the Wire Act of 1961. The Wire Act was previously used as evidence that online gambling is illegal in the United States (and is the other major US law affecting online gambling from the UIGEA).

      Read full article
    • 15 January 2017

      Bingo Billy Offering $15,000 Jackpot Party

      Bingo Billy is looking to help players start off the year on the right foot, and they're doing this with a big game this weekend. A $15,000 jackpot game is up for grabs in the Jackpot Party Room on Sunday, and it'll run from 8 pm through 12 at midnight. There's a jackpot every hour during this time period, and you'll see Everybody Wins games during this four-hour period as well. Overall, it's a pretty serious promotion and a chance to get in on the action with some online bingo. The Final Game

      Read full article
    • 10 January 2017

      Virtual Reality Online Casinos in 2017

      If you go back a couple of years, Microgaming was the first company to present a virtual reality casino game that included current technology. It was a roulette game shown at industry trade shows, and it got a tremendous reception. A lot of players thought that smartwatch apps were going to be the next big thing for the online casino industry, but instead, it's virtual reality, or VR for short. How VR Online Casinos Work There are two main components of a virtual reality casino.

      Read full article