A portion of the tax will fall on the consumer in the form of higher prices, and another portion will fall on teh supplier in the form of smaller profits.

/debate.

Edit: Furthermore it is likely the majority of the tax burden will fall on the businesses rather then the consumer given the structure of the market and what I would guess to be the elasticity of demand.

Would the sites only have to pay the 10% deposit tax on players from the US ?

You can't say the rake would be higher, in fact it is more likely to go down. Licensed sites would be competing for our business, the cost to process checks and other payments would go down for legal licensed sites, and they could freely advertise in the US. The costs to the sites for accepting US players would go down with legislation and so there is no reason to think the rake would increase.

If this were to happen, imo some players who have put the time in studying and playing in this tougher climate will be significantly rewarded in a "mainstream" climate. Sure game may not be as good as pre uigea days, but certainly 10 times better than now. And having the ability to move money around like the old days would be so f'n sweet.

I will keep dreaming, but I do believe sooner rather than later this will become a reality.

I just can't imagine my winrate with legalization.....would be awesome for a 5pt/bb rate to become commonplace again

And I can't agree with you more rocketragz....I have been sayin for years now that the players who stuck it out through this dry spell will be more than rewarded when the fishies come back. Playing against regs for 3 years IMO will turn out to be well worth

At least I hope

This sounds like good news let all hope for the best.

+1

Sites would also benefit from improved access to capital markets, the ability to be publicly traded, cross-promotion (i.e., online play could earn B&M comps), and the stability that comes with a business model that permits long-range planning.

wont happen

Rake would not necessarily go up. Think about the $30 million "tax" that Pokerstars and Fulltilt recently paid when money was seized from the players and they reimbursed everyone plus 10 percent. Think about money transfer costs that would go down considerably in a legal environment for online poker.

.

Dear God,

Before I lay down to sleap tonight please make this be true. Please bring back the fish, please make it easy to transfer money.

I'm pretty sure poker will be legalized eventually. Let's hope it's within the next 6 months. Bring back all the fish!

Rake is determined by the market. If sites could charge more, they would already.

The full legalization of online poker has been an inevitability since the democrats got a hold of things and we started spending so much. It's just too good of a spot to start recouping money. But I predict, when things open up, everyone is gonna be asking, "where are the fish?" Kind've like stocking a musky lake w/ 1,000 trout.

this.

i think it's all in where you lie in the food chain. for some the game will become significantly more profitable and so on. imo

[ ] internet poker is dead?

i wish. although they need to make sure they only sell the good stuff. the hydro will do.

anyone have a decent timeframe for anything big to happen?

The more that I think about the more remote it sounds because something like this would be tailor made for Pallin and would give her a single issue to rally against to her hardcore fundamentalist base (unless of course murdoch nobbles her)

meh. i think you (and basically everyone else on this site) think that people in the public care about poker more than they actually do, by a lot.

I don't think the majority of the public could care less about poker.

I just think there is a limit to the ammount of airtime that Palin can get between now and nomination time by just being pretty and having no real knowledge about anything.

I'm not even saying that she cares one way or the other on it, I think she needs a single issue to campaign for / against to rallies of her conservative base and this could be a possible and use it as a lead into the feel good values of middle america that her followers like to hear.

I don't think it would it would take much to put together some evil of gambling type rhetoric which could chime with her base. Maybe Joe the plumber lost it all on Ultimate Bet

Shhhhhh!

Oh yea Obama is going to rush to legalize something that keeps people in a foreign country working, creates no jobs for the US and no tax revenue in direct defiance to a US law already on the books.

Yeaaa that will happen

Instead of praying you should begin to petition Howard and the other robber barrons into getting the site moved to the US, then you may have a shot

What is it with you? Sites cannot open in the US until we either get an affirmative ruling on the Wire Act or until state or federal legislation is passed. We've continually explained this to you.

Surely you've noticed that Harrah's and MGM don't have sites that serve US customers. Do you understand? If you do not, please post which part of this you find confusing.