Passed this morning. nothing official released yet
Passed this morning. nothing official released yet
Oh my bad, forgot this wasn't a poker forum
Boom
Now to get them to join the player pool being formed amongst the other states.. This could be the start of something PA has probably more potential players then the others NV, DE, NJ combined just given the numbers they get live in Philly and Pittsburgh.. Betting Badguy cant wait for this to become live.. (sadly betting that wont be till 2019 though)
Yeah, 2019.
This will give Badguy sufficient time to say goodbye to Bovada, Betonline and all the other US facing books he's come to love.
However, his social conscience will cause him to appreciate how important the gambling taxes and 1040G statement are to poor black families and their 8 children.
Not being able to place an online sports bet on his Eagles may irritate him some but it's worth it.
Badguy loves his maths but prolly won't bother to calculate the numerous ways he'll get raked before that withdrawal hits his checking account.
We are living in the golden age of online wagering and it's ending slowly.
Badguy doesn't withdraw.
One way street only and it might as well be helping out people in his own state instead of criminals operating in sketchy countries.
The wheels turn slowly, but it's coming back. The interstate compacts make a huge difference, and there tends to be a domino effect once a few states get on board to serve as case studies. You saw how quickly marijuana decriminalization swept the country.Originally Posted by Sanlmar
Once you get California on board, it's gg. They were 30% of the player pool pre-BF.
You thought you were only deriving amusement and political insight from PFA. Somehow you could withstand 1000's of hours of The Fraud Show and not be affected.
You have fallen under the spell.
Book this. Druff will criticize the implementation of this online regulation. He will declare it a fail. Yet the narrative of light regulation will remain pure.
will be interesting to see if PA/NJ sign a pact...
NJ should be pissed as hell at PA because PA is basically responsible for atlantic city going right into the shitter...
Agreed but PA passing this and likely joining the multistate sharing will potentially be the genesis of online poker finally taking root. I agree with SS that Cali is needed truth be told NY and CA fall into line itll be the cascade effect to go Nationwide likely in a similar setup to the Powerball/Megamillions coop setup.. Sharing player pools while each state will get the tax benefits on cashouts.. I do wonder how the rake will be distributed however with players from different states at the same table.. Will the rake being collected on individual players be sent back to the state they play in and what if players travel from one state to another to play.. Going to be a lot of shit to sort out that you better believe the states are going to fight over because everybody wants their cut.
www.jokerstarspoker.com / www.jokerstarspoker.net / www.jokerstarspoker.eu
www.jokerstarspoker.club (not your mommas chinese poker app)
My inability to control myself has given a thread that should have died legs. I apologize.
Simp, are you Canadian? I do not judge people based on race, creed or country of origin so I don't know.
Assuming you are, how could you ever understand the plight of folks here in the States? Your judgement is offensive.
I remember putting my shoes back on after TSA at McCarron. I look up and see a billboard. It was addressed to Canadians leaving Vegas with stacks. It reminded them winnings might be non taxable and that this entity would help them recoup the taxes withheld in Vegas.In Canada, gambling winnings are generally free from taxation. The tax exempt status of gambling winnings comes from the longstanding principle in British law that the winnings of a person placing bets should not be taxed, while the winnings of a bookmaker are taxable.2 This principle has been codified in Canadian law by 40(2) (f) of the Income Tax Act (“the Act”).3
Remember the hue and cry over rake increases at PStars. OMG, the regulars cried. We can't overcome onerous rake. Somehow the worst rake of all - TAXES - is not an issue.
I am not going to argue the merit of paying for public schools or feeding the elderly. I am simply pointing out we live in a sweet spot with decent offerings, better than decent cash out and deposit methods, etc, etc.
I don't understand the glee over regulated gaming. Be careful what you wish for. Unintended consequences and a government that always fucks up.
I feel better. I'm done
Doesn't the rake go to the companies that run the games? The taxes go to the state. Yes the companies will pay to licence, I guess that's the part the state's will have to figure out how to divvy up.Agreed but PA passing this and likely joining the multistate sharing will potentially be the genesis of online poker finally taking root. I agree with SS that Cali is needed truth be told NY and CA fall into line itll be the cascade effect to go Nationwide likely in a similar setup to the Powerball/Megamillions coop setup.. Sharing player pools while each state will get the tax benefits on cashouts.. I do wonder how the rake will be distributed however with players from different states at the same table.. Will the rake being collected on individual players be sent back to the state they play in and what if players travel from one state to another to play.. Going to be a lot of shit to sort out that you better believe the states are going to fight over because everybody wants their cut.
HILLARY WON
The rake will include taxes the gaming company anticipates paying on revenue etc. You will be taxed and the operator will be taxed. Then you'll be consumption taxed at Walmart, etc etcDoesn't the rake go to the companies that run the games? The taxes go to the state. Yes the companies will pay to licence, I guess that's the part the state's will have to figure out how to divvy up.
totally agree...don't know enough about CA to comment, but seems like they're still wavering on the whole online gaming thing...I live in PA so I was always hopeful that once PA passed this, NY wouldn't be too far behind as they seem to be generally receptive to the idea of online gaming...I think the NY-PA-NJ triumvirate would be a pretty sexy start to a quasi national poker network...Agreed but PA passing this and likely joining the multistate sharing will potentially be the genesis of online poker finally taking root. I agree with SS that Cali is needed truth be told NY and CA fall into line itll be the cascade effect to go Nationwide likely in a similar setup to the Powerball/Megamillions coop setup.. Sharing player pools while each state will get the tax benefits on cashouts.. I do wonder how the rake will be distributed however with players from different states at the same table.. Will the rake being collected on individual players be sent back to the state they play in and what if players travel from one state to another to play.. Going to be a lot of shit to sort out that you better believe the states are going to fight over because everybody wants their cut.
Yes but the rake is also considered income to the providers now the question is say WSOP runs a multi state poker site how is the rake broken up and attributable to which state as far as income.. Sorry I didn't explain it very well when I wrote the initial reply.. Right now its simple but when raking a site that has players from multiple states is it split equally? is it contributory based on pot size and only who bet?. Guarantee there ill be some argument amongst the states regarding attributing rake to which state income tax calculation. When it comes to States getting their fair share they are going to want to get as much as they can from the pie..Doesn't the rake go to the companies that run the games? The taxes go to the state. Yes the companies will pay to licence, I guess that's the part the state's will have to figure out how to divvy up.
www.jokerstarspoker.com / www.jokerstarspoker.net / www.jokerstarspoker.eu
www.jokerstarspoker.club (not your mommas chinese poker app)
and good luck in convincing them that the pie actually grows and there's more revenue when you get more people playing instead of having small individual pieces...Yes but the rake is also considered income to the providers now the question is say WSOP runs a multi state poker site how is the rake broken up and attributable to which state as far as income.. Sorry I didn't explain it very well when I wrote the initial reply.. Right now its simple but when raking a site that has players from multiple states is it split equally? is it contributory based on pot size and only who bet?. Guarantee there ill be some argument amongst the states regarding attributing rake to which state income tax calculation. When it comes to States getting their fair share they are going to want to get as much as they can from the pie..
I'm slightly surprised given how big Horse Racing is in Pennsylvania that this passed. A lot of times they try to protect that industry trying to steer where gambling dollars go and you could already bet the ponies online.
According to a quick google search:
12.78 million people in Pennsylvania (#6 in the country)
8.944 million in New Jersey
2.94 million in Nevada
952k in Delaware
So if Pennsylvania combines with the other states we are looking 25.61 million player pool which is still around 13.6 million less than California and like 2 million less than Texas.
But if you play live your rake includes the tax the casino will play. And if you win money gambling, even with an illegal offshore site, you are already "supposed to" pay taxes on it. So what's the difference?The rake will include taxes the gaming company anticipates paying on revenue etc. You will be taxed and the operator will be taxed. Then you'll be consumption taxed at Walmart, etc etc
HILLARY WON
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