Talks to Regulate Online Poker Show $90 Million in
Taxes
by Margaret Oliveira, News Staff Writer
November 18, 2009
As the reality of the
recession hits the state of Florida and its
constituents, lawmakers review report findings that show
tempting benefits of legalizing
online poker in the
state. The dramatic shift in how Florida would view the
increasingly popular pastime, would
reap over $90 million via regulation and taxation.
Currently, the Florida
Office of
Program Policy Analysis and Government
Accountability, or better known as OPPAGA, is reviewing
the report findings and will be presenting their final
verdict to the rest of the
Florida Senate the 1st of this
December. Naturally, the Florida branch of the Poker
Voters of America is lobbying the OPPAGA with dogged
determination before the legislative deadline.
Florida’s cut of the
online poker revenue is slated to be in the 20%
neighborhood. If the state online poker rake achieves
the amount of $226m in the first year of legalization,
$331m in the second year, and $457m in the third
year, that possibly means a whopping $202 million
dollars for the state of Florida and its public projects
in the span of three years.
Such a budget boom would
definitely be exactly what the the state of Florida
needs given that they, like many other states, face the
tough decision as to which programs must be cut in order to
deal with their current deficit.
The dire situation is not
lost on the president of the Poker Voters of America,
Melanie Brenner, who explains how this unfortunate
situation may be the silver lining for online poker players, “For us to be able to walk
in with a solution for their budget problems is
obviously very helpful when you are sitting down with an
elected
official. Although these are unfortunate
circumstances, these have really helped give our cause
momentum.”
Granted, not all of the
states 20% cut will be used for repaving roads and the
like. Up to twenty-five percent of the state’s online
poker profits will be use to help rehabilitate
compulsive gamblers.
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