Re: NJ Law Journal 8/27/07 -- Front Page Article on IMEGA Suit
"Charles Humphrey Jr. of Colorado, claimed that the player registration fees, ranging from $9.95 to $499.95 per team, were essentially wagers or bets and sought to recover those amounts as gambling losses under the qui tam laws of states whose laws were supposedly violated."
"Cavanaugh found that where entry fees are unconditional and prizes are guaranteed, reasonable entry fees charged by the sponsor of a contest are not wagers or bets. He observed that spelling bees, track meets and beauty pageants would constitute gambling if all it took was the combination of an entry fee and a prize."
I'll see if I can get Chuck Humphries to share his view of the outcome of his lawsuit, which was dismissed but in losing may have opened the door for tournament poker online.
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