USA Poker – Hopes to Legalize Online Gaming in the State of California Rise
Posted on June 3, 2010 by George Roberts for Luckyroom.com
Online Poker is about to be permitted in the State of California as the legislature will vote to legalize online poker within states borders. The proposal is given urgency status which means that most probably will pass with an immediate effect. The State Department of Justice will be able to offer three 5-years length contracts to companies based within California. Those companies will be able to offer web-based poker games to all the residents of California.
The decision to allow online poker was taken as California suffers from an enormous debt. The California Senate Committee on Gambling hopes that the revenue generated by taxation of the winnings will cover the 20% of the state debt within a period of 5 years. Additionally, the amended rules, will generate a number of jobs, will stop the cash flow to offshore companies and will ensure fairness and security to the online poker players in California.
The Federal law in United States offers the ability to States to decide if they will – or not – authorize online gambling. However, each state must create their own safety frames in order to control and eventually benefit from the cash flow from online poker users. This is exactly what the State of California plans to do as they have realized that they cannot control online gambling.
Advertisements for major poker tournaments such as WSOP are everywhere and the majority of poker rooms online are offering packages through satellites and other tournament structures. Studies, estimate that the Californians spend – only within 2009 – about 300 million USD on poker websites without any benefit to California’s treasury coffins. We should note here that the current debt of California is expected to reach 19.1 billion USD in the first semester of 2011.
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