What is your definition of Regulation?

[*TT*]

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if regulation of our industry takes place allowing online poker to exist legally.


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As your honest Washington lobbyist, I would tell you to talk to the State people.

Gambling is legalized and regulated at the state level. Congress is only enforcing the State's unlawful gambling laws with the UIGEA, not changing them.

Yes, if States allow something as retarded as Powerball to exist, there is great hope for regulated online poker. But like Powerball, it has to be at a State level IMHO.

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You just advised us to what we currently have. Online Gambling is legal at the state level, not at the national level (technically).

TT [img]/images/graemlins/club.gif[/img]

[5thStreetHog]

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[/ QUOTE ]We already pay taxes.The real crush of regulation would be on the sites.

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And don't you think the sites will pass the buck to the end user? After all their foreign customers don't force the company to pay additional taxes.

I don't think the burden will be via higher rake, it will have to be implemented as a dedicated and separate rake that only kicks in when the player is a US citizen.

TT [img]/images/graemlins/club.gif[/img]

[/ QUOTE ]I see your point,but we are assuming an off shore company in this scenario???Thats also another factor that would greatly be affected by legalizing and regulating online poker.We might safely assume that if given the green light alot of american casinos and other companies would swoop in like hawks on this profitable market.So your point is well taken,but would be a completely different scenario for taxing sites if they were an american company on american soil.

[ericicecream]

1) Charge the sites for an annual u.s. licensing fee. Any site not paying the fee will not be allowed. The fee will be high enough to be valuable to the gov't, low enough that the major sites can afford it. They will surely pass it on to us by way of rake increase.

2) Certain deposit limits/clock on time played (like the UK is recommending)

3) Sites contribute to problem gambling programs.

4) Accuracy in advertising, in other words no "join titan poker and become the next millionaire". Advertisements state something to the affect of "This is a gambling site and most players lose"

[5thStreetHog]

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1) Charge the sites for an annual u.s. licensing fee. Any site not paying the fee will not be allowed. The fee will be high enough to be valuable to the gov't, low enough that the major sites can afford it. They will surely pass it on to us by way of rake increase.

2) Certain deposit limits/clock on time played (like the UK is recommending)

3) Sites contribute to problem gambling programs.

4) Accuracy in advertising, in other words no "join titan poker and become the next millionaire". Advertisements state something to the affect of "This is a gambling site and most players lose"

[/ QUOTE ]Nice thoughts,but #4,if i was in charge of marketing id just pass on the advertisements all together.Kinda like making budweiser state "This is an alcoholic beverage and most people will end up with a 350lb. girl and crabs,not this supermodel" [img]/images/graemlins/grin.gif[/img]

[5thStreetHog]

Btw TT...good thread.

[permafrost]

[ QUOTE ]
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[ QUOTE ]
if regulation of our industry takes place allowing online poker to exist legally.


[/ QUOTE ]


As your honest Washington lobbyist, I would tell you to talk to the State people.

Gambling is legalized and regulated at the state level. Congress is only enforcing the State's unlawful gambling laws with the UIGEA, not changing them.

Yes, if States allow something as retarded as Powerball to exist, there is great hope for regulated online poker. But like Powerball, it has to be at a State level IMHO.

[/ QUOTE ]

You just advised us to what we currently have. Online Gambling is legal at the state level, not at the national level (technically).

TT [img]/images/graemlins/club.gif[/img]

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If online gambling (poker) is legal at the State level, when did that happen, who is licensed and what are the regulations?

What do you think is making it illegal at the national level given the State's legality?

[j2zooted]

You know how states have a hunting or fishing liscense you must buy? Could you have something like that where you had to annually or monthly buy a permit from some federal agency to play online poker, or do whatever form of gambling you prefer? That could be the consumer end of the tax.

[jlkrusty]

Regulations should try to mirror how actual B&M casinoes are regulated. Here are two main points that would make online casinoes more like B&M casinoes:

1. The sites themselves would be taxed for every dollar of american money made. Thus, for each $1 of American money earned by a site, the site would have to pay say 25 cents of that to the government. The sites could then decide how to pass that onto the customer. Since there would be free market competition, hopefully the effect on the player would not be great.

2. Have a commission that oversees all the sites to ensure that the games are fair and secure--just like there is a gaming commission that oversees B&M casinoes.

[Nate tha\\\' Great]

I don't share your pessimism on the regulation scenario. I imagine the model would be something very much like the B&M scenario that exists today, where there are a designated number of licensees that would be taxed and regulated like any other legitimate business.

[ericicecream]

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You know how states have a hunting or fishing liscense you must buy? Could you have something like that where you had to annually or monthly buy a permit from some federal agency to play online poker, or do whatever form of gambling you prefer? That could be the consumer end of the tax.

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Follow this up with smoking licenses, coffee drinking licenses, steak-eaters license...