Online Poker Provisions Not Included in Year-End Tax Bill

The Internet Poker Act of 2010 will not be included in President Obama’s year-end tax bill, according to a spokesman for Senator Reid.

Reid’s bill sought to legalize and regulate online poker in an effort to increase tax revenue at both the state and federal level, but including it in the tax bill was met with opposition, most notably from Senator Jon Kyl, a staunch supporter of the Unlawful Internet Gambling Enforcement Act (UIGEA).

With the lame-duck session set to end next week, sources say that Reid is looking for other bills where he might attach the poker provisions.

In a statement on Thursday, Reid stated that “Internet poker is played by millions of Americans every day in an essentially unregulated environment” and “neither federal nor State governments collect a dime of revenue from this multibillion dollar Internet poker industry.”

There is a small chance that the bill will still pass, but gaming analyst Brian McGill was pessimistic in a Friday research report.

“We expect that Reid will continue to publicly say he is working on the issue until the lame-duck session ends,” he said. “However, our contacts continue to tell us there is a very slim chance the bill will pass in this lame-duck session. We would put the odds at passage at less than 10 percent now. If the bill does not pass in the lame-duck session, there is zero chance it will get passed in 2011.”

Comments

takedown
over 2 years ago

With the 15 month blackout and the state monopoly, this is just a prohibition bill in disguise. Reminds me the the Tennessee "Right to Work" law which actually takes all rights away from employees in this state.

 

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SevenKidsPoppy
over 2 years ago

This is a bad bill that was poorly thought out, and I'm glad that it's dead in the water.

Reid is flat wrong when he states that "neither federal nor State governments collect a dime of revenue from this multibillion dollar Internet poker industry." Oddly, both the government and poker players owe a debt of gratitude to Billy Baxter for having poker reclassified as earned income for the pros.

Here is a simple solution to all the b.s. proposals that Frank,
Menendez, others, and even the PPA would inflict on us:

REPEAL the goddamned UIGEA. Period.

 

Reply

 

bmpek
over 2 years ago

well just as i predicted on this site the poker players got played by dinghy harry, just as the illegals and union thugs in the public employe unions are getting stiffed by harry. when will you morons learn something about politics in nevada. when the big three say squat harry will say how high do you want the crap

 

 

Dave112
over 2 years ago

I thought Negreanu said Obama was going to legalize online poker, as he hail Obama as the second coming of Christ. So much for "change."

 

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crsseyed
over 2 years ago

Ummm, OK, so this is all Negreanu's and Obama's fault? LOL look who passed UIGEA....

 

 

Dave112
over 2 years ago

Ummmmmmmm (excuse me, my um was a little longer than urs, hehehe), again, thx for aguing my point......so much for "change."

 

 

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