Quote:
Originally Posted by The4thFilm
NJ taxes on online poker operators are much higher.
This is correct. NV = 6.75%, while NJ is 15%. That makes a huge difference in terms of money leftover for player rewards. Keep in mind that is just a portion of the licensing costs. There are still initial licensing fees, cost in testing and conforming software to standards, as well as all the legal fees to draw up the docs.
Can someone post the NJ rates? In NV, it is:
Silver: 8%
Gold: 10%
Platinum: 12%
Diamond: 15%
Elite: 20%
Seven Stars: 30%
Also, is WSOP in New Jersey 5.5% rake for all games?