By: Pocket Bullets Paris
We took another look at the state of online poker legislation in the beginning of January and promised to let you know whenever there was news. As you know, there are currently three states –Nevada, New Jersey and Delaware — in which online poker is legal and regulated. New Jersey has the largest of the markets, hosting WSOP.com and Borgata.com. Nevada, which is dominated by WSOP.com, and Delaware both have sites, along with an agreement to share players which has seen limited success.
In the last two months several states have managed to pass bills that legalize DFS (daily fantasy sports) but not online poker. In California, poker players were particularly upset to see their pending bill pushed aside while DFS was given priority. However, in a daring move, Assemblyman Adam Gray filed a new bill (AB 2863) that offered a huge compromise (in the form of a $60 million subsidy) to the major opponents of online poker: the horse racing industry. This bill has the support of the California Nations Indian Gaming Association so keep your eyes on California to be the next state to legalize online poker. Pennsylvania and New York are also making moves.
But by far the biggest move was made by Amaya, owners of PokerStars, which has announced its return to the U.S. market. The official launch is slated for March 21 in New Jersey, following a thorough investigation by the New Jersey Division of Gaming Enforcement. The fact is, PokerStars is the largest online poker site in the world, with the largest online tournaments and highest cash game limits. With the fully vetted, legal and extremely popular PokerStars back in the game, other states may be much more likely to get moving on their legislation. Even your state may finally join the party and you, too, will be able to sit at the online poker tables.
As always, Texas Poker Store will keep you posted!