Online Poker Had Senate Hearing On Wednesday
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Its just a matter of time, online poker will be back in the US.
Maybe so, and it will be better than nothing, but they will find a way to suck most of the fun out of it, no doubt.
Either way I will be happy to see it come back. I am concerned as to how they will tax it. If they tax your winnings at almost 50% (as they do with most "gambling" winnings and if (like many states) they don't account for losses (making the number always black and much bigger), then except for the very, very best players, online poker becomes little more than a hobby of varying expense.Quote:
Originally Posted by HopsnBarley28
Hopefully they pass something soon before everything goes on some crappy state by state system.
I heard soemhting about Pokerstars comming to New Jersey? That would be sick! Even though I'm in NY.....The Beginning starts now!
ahh "land of the free", maybe one day us Europeans will be able to experience the same kind of freedom. if pokerstars does end up opening up to US players again it will most likely be run like the french site with ridiculous rake and huge tax. i think it will be a hell of a long time before its even close to how things where. at least you'll be able to get your money though. i know someone who's been waiting 8 months from carbon.
yea I hope to see stars back sometime soon, but I am very worried about how they are gonna tax the hell out of it!
Unfortunately, the state to state system is by far the likeliest to lead to poker in the vast majority of US. And even that will take a couple years to really get off the ground at a minimumQuote:
Originally Posted by crispzilla
If it ever does return, there will be tons of regualtions and a ton of rkae!!!
No chance it's worse than it is now. Merge double ups $5 + $0.50 rake, Pokerstars double ups $5 + $0.10 rake. Just saying. A 10% roi on stars is a losing player on Merge just based on that, plus the harder competition, fewer games... yeah.Quote:
Originally Posted by 1900hustla
I don't mind paying taxes on my winnings and you can deduct your losses when you file - we all need to win and if the gov't gets money too we will all be better off
I agree!! and i really dont see what the big deal is, we are all already playing on poker sites!! i have withdrawn twice already!! the only problem i see is i cant join Poker Stars!!Quote:
Originally Posted by 1900hustla
pokerstars don't do double ups anymore and a $3.50 hyper turbo on pokerstars has $0.20 rake, the slower the structure the higher the rake, so if they did do $5 double ups the rake would be pretty similar.Quote:
Originally Posted by jasonv12
We need more of these types of hearings