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Old 01-24-2007, 07:18 PM
LeeLoo LeeLoo is offline
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Join Date: Nov 2005
Location: North Carolina
Posts: 323
Default Re: How much Tax Revenue if it was legal?

[ QUOTE ]
I was screwing around with excel. And even if they came up with a tax% on the rake only...... At a 4% tax on an avg rake of $1.00 for 5 billion hands comes to approx. $222,000,000.00...

Now of course it would probably come down to a % of the pot. Since more hands are played at smaller stakes the higher stakes.... If the avg pot over 5 billion hands was $3.00 Tax at 1% would be $166,000,000.00, 3% $500,000,000.00

There is definitely money to be made... And this is for ring game play only......

[/ QUOTE ]

Would the whole rake be taxed when a large portion is paid back to affiliates. Just wondering. I have no clue about taxes.
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