The State of Nevada will become the first state with legalized online poker. The Nevada Gaming Control Board passed online poker regulations today by a 4-0 vote. This paves the way for online poker within the state. Online poker would not be offered to players outside of the State of Nevada.
Six companies have applied for online poker licenses. These companies are International Game Technology, Bally Technologies, Shuffle Master, 888 Holdings, Cantor Gaming, and South Point Poker. South Point Poker already operates a free online poker room. 888 Holdings and International Game Technology already offer real money online poker to players outside of the U.S.
There are still a few hurdles to online poker in Nevada. There must be a licensing process that the six companies and all future applicants must follow to receive approval. Technology must also be proven to keep all data transfer involving online poker within the state. There must also be no opposition at the federal level. It may be well into 2012 before intrastate online poker gets off the ground in Nevada.
While this is great news for the online poker regulation movement in the U.S. it does little to affect federal legislation. The best hope for U.S. players is for Nevada to become successful with online poker within their state borders. Nevada has already successfully launched online and mobile sports betting within the state. Online poker players in the U.S. can only hope that online poker is just as successful. If Nevada is able to launch online poker without any problems it may silence critics and catch the attention of other states as well as Congress.
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All live and online card rooms take “rake” and “tournament fees” to run and operate their games. The amount of rake or fees taken will vary by game type and stake levels, but will generally be 5% of each pot for ring games and around 10% of the buy-in for tournaments.
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