The bill in general is very well written, but there are a few things I don't like:
Quote:
An authorized Internet poker game shall not include a player-dealer position.
This is meant to prohibit games that are player-banked (player acts as the banking dealer). But it could be interpreted to mean that no button position is allowed in any game. A minor point, but could be clarified.
This is specified as part of the required information for a player to register an account. This means that only U.S. citizens and residents will be allowed to create a player account. Foreigners visiting California won't be allowed.
Quote:
A registered player shall not establish more than one account on the same authorized poker Web site.
This is fine as far as it goes, but there is no prohibition against the same player holding more than one account on the same poker network through different websites, or on preventing such a player from playing in the same games from different websites. It would probably be taken care of on the regulatory or site terms-of-use level, but it would be nice to cover it in the bill.
Self-exclusion: There is no accommodation for self-limits; only self-exclusion.
Player pools: player pooling between California sites is allowed, but player pooling with other states or foreign sites is not.
Felony: It will be a felony to play in California on any site other than those licensed in California. The state can seize any money, real property or personal property "used in, or derived from" such illegal play.
Transition period: It will be at least one year and nine months after passage before the first California sites go live. The felony provision above will be in effect during that time.
Player funds protection: The sites will be required to keep player funds segregated from operational funds, and deposited in California financial institutions. However, there are no provisions for protection of those funds. There is nothing in the bill which gives players first-lien on the funds in the case of site bankruptcy; recourse in the case of theft of those funds; etc. The funds will be segregated but not protected. Regulations could be developed to cover this, and other laws may be apply, but this bill itself provides no such protections.
Regarding the $60M/year paid to the horse tracks for not being included as eligible entities for licensing, I think it's fine. The bill simply specifies that of the first $60M in state revenues from Internet poker, 95% goes to the racing industry. That doesn't mean that it is $60M guaranteed every year or that rake has to be increased to cover it. It is simply specifying how the first $60M collected in a year by the state as it's percent of gaming revenue is allocated. If the state revenues are less than $60M from Internet poker, then the racing industry gets less.
If I were a CA resident, I might object to the racing industry getting the lion's share of the state revenues. But I don't see it as a provision that is detrimental to poker players or the poker economy. In fact, it will boost the racing industry, which will be good for the CA economy in many ways, the benefits of which is likely to spill over to the live cardrooms to some extent.
Last edited by PokerXanadu; 02-20-2016 at 04:00 AM.