No Advancement for Online Poker in 2012

Posted on December 31st, 2012 by Todd Wilkins

No Advancement for Online Poker in 2012It has been a disappointing year for online poker in the United States from the perspective of the advancement of federal laws.

Nobody could have put it more eloquently than John Pappas, the Executive Director of the one-million-strong Poker Players Alliance group (PPA), when he said that it has been a very disappointing year for federal online poker laws.

After Senator Harry Reid’s online gambling bill failed to pass the Lame Duck session of Congress by the end of the year, Pappas said that it was a very disappointing closure to the year where a great amount of progress had been made.

He said that he was most upset for the players who have been asking Congress for several years to allow the Internet poker law to pass which would protect the consumer, give them independence and increase revenue. Pappas also added that while he didn’t think that these calls have not been heard, he was unimpressed that Congress could not find a solution, despite the enormous financial crisis which currently prevails.

Reid to Try Again Next Year

Senator Reid has not given up his dreams to see online poker regulated and licensed in the United States, and said that he would push for the law next year.

The legislation will see state legislators asked to decide whether they want online poker to be introduced within their borders. If so, the poker sites will be operated by licensed casino companies or slot machine manufacturers, while Indian tribes and race tracks will also be allowed in the game. State regulatory bodies would provide licenses to these online poker operators, but would be overseen by the federal Commerce Department.

Taxation on the regulated online poker industry would be set around 16%, while no other online gambling would be allowed besides lottery sales and horse race betting.

Senator Reid’s Chief of Staff, David Krone said that efforts would begin next year to re-introduce the bill but Senator Reid’s feeling is that after a while there comes a time when you’ve lost the momentum, you’ve lost the consensus you’ve built.

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