Interesting guest on Bluff Poker Radio last night

They had I. Nelson Rose from Wittier Law School in Costa Mesa, CA last night. He is recognized as one of the leading authorites on gambling law in the world.

He stated that he thought online poker in the US would end soon but come back around 2010 licensed and regulated by the US goverment. He then said that he thought it would be taxed 25 percent. How in the heck would you be able to make any money paying that and with the rake added in?

He also said that there are talks in the works in states where there are licensed casinos(California, Nevada, New York, etc.) where the casinos can start their own online poker sites where you can play legally if you reside in their state. For example, the Commerce Casino in LA would be able to start their own online poker site just for residents of California. The problem again there is that he is hearing the sites would tax the player at a 25 percent rate.

I'm interested in hearing any thoughts on his comments.