What will next state be for PokerStars

curtinsea

curtinsea

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One of the owners of PokerStars got something like $4.1 billion from Amaya, Not too shabby!

Yes it was a good deal for the founders. That said, the current value of Amaya is less than $3 billion.

But that's not what we are talking about. If you are trying to appeal to greedy politicians who want revenue to spend, you're talking about the tax dollars online poker can generate. That means a percentage (15% gets thrown around a lot) of revenue.

In NJ for instance, the amount of tax money generated by online poker is less than $10 million/year. That is nothing. NOTHING.
 
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Crabbie

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Kansas

With brownback trying to break our state and co. legalizing pot. I'd think KS. as for most states would jump at the chance to collect $ in taxes for real skill other than opt for lottos. :mad:
 
RogueRivered

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But that's not what we are talking about. If you are trying to appeal to greedy politicians who want revenue to spend, you're talking about the tax dollars online poker can generate. That means a percentage (15% gets thrown around a lot) of revenue.

In NJ for instance, the amount of tax money generated by online poker is less than $10 million/year. That is nothing. NOTHING.

So true! I'm sure that's why most states don't want it because the politicians are afraid they would lose tax revenue from all the lottery players.
 
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Crabbie

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Does anyone know how many players PS has got playing from New Jersey ? I'd think they would have a way to track that.
 
UpUpAway

UpUpAway

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I would enjoy Maryland finally officially legalizing online gambling, I'm always dissapointed we can't access poker Apps on the phone like they do in Jersey, I think it would be a big market, and even bring more visitors to the state.
 
TeUnit

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if we cant get a federal solution, i hope that WA state gets stars in 2018
 
angeliks

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I hope you enable throughout the United States.
there are many fish money there :D
 
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ekgbeat

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I think it might be Michigan based on the bill opening their boarders to the ROW. It also said that you don't need to be a resident of Michigan to play. Not sure how that will work with other State laws, but it will put a huge spotlight in internet poker if the bill is passed.
 
proud2Bwhack

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FYI Im a native Californian and a huge fan of the state, but we are not the wild and crazy forward thinking state some people think when it comes to government. So CA should be like 20-1 to get pokerstars. I heard they are offering the Horse tracks 60 million a year to give up there interest in online poker, so somebody is thinking big money...
It's sad to hear of tribes who think Pokerstars is the bad guy and all that Black Friday misinformation. it's out there still!
 
curtinsea

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I heard they are offering the Horse tracks 60 million a year to give up there interest in online poker, so somebody is thinking big money...
It's sad to hear of tribes who think Pokerstars is the bad guy and all that Black Friday misinformation. it's out there still!

Why is it people welcome the $60 million payoff to the race tracks but think the tribes who will be left out should just go suck it?
 
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NLvillain

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Vote for Trump and the US will be a republic again. Personal autonomy, online poker and legal weed. Send your religious zealot puritans back to England and regain your country.
 
dj11

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http://www.pokernewsdaily.com/norma...orarily-shut-down-new-ownership-sought-28365/

In the local newspaper there was a mention that Gardena, the city where both the Normandie Club and Larry Flints Hustler Club bring in about $10 mil a year to the City of Gardena's coffer.

Those 2 card clubs are the smallest (by far) of the card clubs in the LA basin. And if they can bring that much $$$ to Gardena, I am rethinking how much that $60 might affect OLP. Not nearly as brutal as I was thinking.

Incidentally, that newest OLP bill in Ca flew out of committee last week with unanimous support. Means there might actually be real possibilities for it this year!
 
tetragorod

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When you want it, it goes away too fast.
 
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ekgbeat

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Vote for Trump and the US will be a republic again. Personal autonomy, online poker and legal weed. Send your religious zealot puritans back to England and regain your country.

What a twist. This thread went in a strange direction.:icon_bigs
 
jre1106

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From what I hear state legalization isn't much help it really limits the games and stakes you can find since you can only play with people on that state. I may be misinformed on this but I bet the traffic is horrible
 
dj11

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From what I hear state legalization isn't much help it really limits the games and stakes you can find since you can only play with people on that state. I may be misinformed on this but I bet the traffic is horrible

IMHO, there is a 'critical mass' necessary for any of the numbers that are bandied about to come to fruition. france was at the head of the Ring Fence scheme, and I'm thinking if they get a sane chance to redo their laws they will tear down that fence (mental Image of Reagan here).

It can be done in the States. Delawareans can play on the Nevada sites now. Rumblings about NJ joining that cartel pop up regularly. My guess is that if those 3 join forces they will only be break even.

It would be so much easier for all involved, if the onus was put on the poker sites to isolate out which state a player plays from, and do the appropriate accounting for each player. ALL the concerns the moralists talk about can be handled via software; --Age Verification, --Problem Gambling, --Geo Location, are the most often heard concerns.

Plus with a minor change to the State Laws this could probably solve that tricky thing States like to include about having the servers physically located within the state. Those laws could be changed to something like having each/any site operating within the State required to have an accounting server physically located within the State with 24-7 live service/support at those sites. Again IMHO, this could provide each state with an easy way to break out (from all the stats) each State residents playing results. Useful mainly for taxing purposes, but also useful for customer protections.

The bigger problem is folks like Sheldon Addleson, who thinks he can have some sort of monopoly if things go his way. The Tribal Gaming concerns are in that camp to.

If/when the States alter their approach to consumer protections, the laws can be structured in a way that actually (IMHO) become win - win - win for all sides! Trump should love that. Instead the States seem to be a pawn in the process, manipulated by the self-appointed 'important' people who run the sites, or the B&M casino's, the Tribes, the moralists who tout their ability to protect the people.

In reality it looks a lot like greedy bastards trying to game the system for some imaginary windfall. And this is our problem. Trying to craft laws that favor individuals over the majority population cries cronyism, and corruption.

If you have read any of the States legislation regarding OLP, you will have noticed that rarely is Consumer Protection one of the highlights of those legislative acts.
 
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Two6JJ

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Check with you local politicians. And if it is not a priority then ask them why. Regulating country wide is going to be more profitable and stable in the long run than most public financing schemes currently being hatched.
 
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