Coronavirus is an opportunity for online poker - Poker Legislation

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Coronavirus is an opportunity for online poker

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03-20-2020 , 07:28 PM

MBS

centurion

Join Date: Sep 2004 Posts: 104

At the risk of seeming insensitive, it should be pretty obvious that any online business has an opportunity to thrive during this period of social distancing that is occurring throughout much of the world, and specifically in the United States, right now.

This includes online poker.

As fewer and fewer people visit brick-and-mortar casinos each day, a smart and capitalizing politician/company/organization should be able use this opportunity to introduce legislation for online poker.

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03-21-2020 , 06:01 AM

PokerXanadu

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 10,583

I expect to see it happen in some states, especially if casinos remain closed for an extended period. Indian tribes, which are the driving force behind gambling legislation in many states, may reverse course to emphasize online gambling venues rather than their prevalent current stance that online jeopardizes their casino traffic, as some of the casino corps have already done. This will also open up the door to federal legislation, but that would still take many years unless this pandemic leads to a loggerhead shift in the social paradigm, where social distancing and "stay-at-home" attitudes become the norm.

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03-22-2020 , 02:03 AM

Gzesh

Carpal \'Tunnel

Join Date: May 2011 Posts: 7,640

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Originally Posted by PokerXanadu

I think it will, but not in those terms. rather, the remote, socially distanced activity will become a norm in its own right .... an evolution well under way before there was any pandemic.

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03-22-2020 , 07:40 AM

HurtLocker

adept

Join Date: Oct 2013 Posts: 798

Quote:

Originally Posted by MBS

"Let me tell you something about hope my friend. Hope is a dangerous thing. Hope can drive a man insane." - Red in Shawshank Redemption

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05-05-2020 , 10:48 PM

OvertlySexual

veteran

Join Date: Jan 2014 Posts: 2,089

I was just reading that Maryland lost 60 million in revenue due to casino closures and this figure is bound to grow.

Online poker legislation seems like a no brainer for states facing budget crunches.

I searched for a thread like this and I surprised it's only 4 posts long.

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05-10-2020 , 08:27 PM

Gamerson99

stranger

Join Date: Apr 2020 Posts: 10

How big are we even talking here in terms of a potential industry? Agree it's an opportunity for states but would it be large enough of a gain to push something through short-term? Of that $60M lost in Maryland from casinos... what % of that is from poker. I just can't imagine it's that large.

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05-17-2020 , 06:44 AM

Gzesh

Carpal \'Tunnel

Join Date: May 2011 Posts: 7,640

Quote:

Originally Posted by Gamerson99

How big are we even talking here in terms of a potential industry? Agree it's an opportunity for states but would it be large enough of a gain to push something through short-term? Of that $60M lost in Maryland from casinos... what % of that is from poker. I just can't imagine it's that large.

If, the marginal revenue is greater than the marginal cost of passing enabling legislation for online poker (and casino) and supporting whatever degree of regulation is imposed, then a State should legalize such activity within its jurisdiction.

That the net revenue from online poker might be less than the revenue that has been lost from shuttered brick and mortar casino operations is NOT the issue.

Why require poker to cover the overall casino revenue shortfall for the State ? Throw in online casino legalization however, and you might actually come close to covering that whole shortfall.

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07-20-2020 , 06:37 PM

duecefive

stranger

Join Date: Jul 2020 Posts: 5

It would be a wise move for states in need of additional revenue. On a side note, I invested in StarsGroup (TSG) prior to the Flutter acquisition and it has worked out nicely. I imagine other investors were seeing the potential for legislation.

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08-16-2020 , 03:43 PM

kustard

centurion

Join Date: Jul 2014 Posts: 121

Heard the golden nugget was expanding there online gambling and it included poker and blackjack with a live dealer.

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08-16-2020 , 03:44 PM

#10

kustard

centurion

Join Date: Jul 2014 Posts: 121

just to be clear, blackjack has the live dealer and people play on their phones.
I don't know anything about the poker.

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