Is poker about to be legalized in U.S.? Every poker player and poker fan is waiting to witness this historic happening. The bill is in Senate and has long list of supporters as well as opponents. Everyone wants to know the updates of the bill and also waiting when the game would be declared legal in U.S.
The bill was presented by Senators Jon Kyl and Harry Reid in July. In August, There was some positive discussion in the Senate, among online poker business owners, and advocates of the game to get it legalized within U.S., and the websites should have to be operated from the jurisdiction of U.S. Senate has put the decision pending until end of the Presidential Elections (recently ending at Obama’s victory).
What will happen with the bill? The concerned parties are worried enough. They are already suffering from UIGEA Act and want some sympathetic hearing from the Senate. It’s not just the gambling sites to be hurt by the decision about new bill, as many are based in Barbuda, Antigua, and Kahnwake, inviting U.S. players to come and join the exciting poker events.
According to casino owners, there are specific portions in the to-be-passed bill that could affect their revenue. More than revenue, there are certain consequences of the bill that poker business owners and the players may have to face. The bill will replace Wire Act, 1961, and Illegal Gambling Business Act, 1970.
According to the bill, most of the online gambling forms will be prohibited, other than the ones included in exception. The exceptions include online lottery tickets, wagering the off-track horseracing, and licensed poker game. At one point, it will enable everyone in U.S. to play poker online, but at the other point, it will also put fine on people who play poker at illegal poker sites and make money out of their game.
For the legal status of online poker, a website will need to be based in U.S., and at one-step further, it will go at the State level. It will affect Barbuda and Antigua the worst, as all the websites based from outside U.S. will be declared illegal after the bill is passed. Antigua is earning $1 billion GDP from the online gambling sites and passing the bill means it will lose that big revenue source.
Internet gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act, 2011, will bring a remarkable change in the online poker industry in U.S. It will also direct how each State will deal with the online poker sites independently. It seems that U.S. poker market will become more open for the online poker business owners as hundreds of new websites will enter the competition with legal status. Many have started showing their presence in any reputed online poker forum.
It’s not just the business owners or the States benefitting from the online poker, the bill will also affect the poker players. They would be allowed to play poker online without any fears of being banned or of being caught in illegal moneymaking. However, they will have to play at legal online poker sites only. States would also generate more revenue out of the games offered to the U.S. poker players, as each site will have to be registered to get the legal status.
It would hardly take a month to reach at the final decision whether poker will be declared as legal in U.S. or the business owners will have to look for other options as they are doing already. Wait and see what will happen with the online gambling bill and who will succeed, the opponents or the advocates.