Is Online Poker Legal in Florida? Online Poker Laws in Florida

March 02, 2010 :: Posted by - admin :: Category - Poker News

is online poker legal in florida Is Online Poker Legal in Florida?

Is it legal to play online poker games in Florida? In our previous posts we talked about Florida and few others states taking steps to legalize online poker games. Last Friday representative Joseph Abruzzo filed the Internet Poker Consumer Protection and Revenue Generation Act of 2010.

The legislation outlines detailed and fully regulated of online gambling in Florida. Florida would be the first state to use rules from the Unlawful Internet Gambling Enforcement Act of 2006 to help regulate Internet gambling, if approved by lawmakers.

Abruzzo’s legislation takes advantage of the UIGEA clause that allows for state to lawfully regulate intrastate Internet gambling, such as poker and online poker games.

The Bill would allow for Internet hub operators to run the online poker sites where users can play online poker games. They will have to comply with the guidelines and gain license.

Online Poker Laws in Florida

First, the operator would have to have a business license in Florida. Second, they would have to be licensed in one or more US states. Next, the operator must be licensed to offer online poker games in a country outside of the US.

If those stipulations are met, an application fee of $500,000 would be paid to the Pari-Mutuel Wagering Trust Fund of the Department of Business and Professional Regulations. If approved, the licensee would then have to pay a $1,000 annual license fee.

Once the online poker site is set up, it would have to follow strict guide line and regulations regarding minimum age, safeguards against money laundering as well as safe software.

One of the main benefits of this legislation is that it should fully protect the consumers against fraud. Gambling addiction is one of the top problems for lawmakers looking to expand, and Abruzzo has covered that in his Bill.

The Internet site will have to set limits on how many deposits and how much a player can deposit each day, a limit on how much a player can lose in a set amount of time and time limit on how long a poker player can play online poker games in one session will be required as well.

The percent of taxes on the winnings is always another issue that lawmakers grapple with when creating gambling laws. In the Internet Poker Consumer Protection and Revenue Generation Act of 2010, Abruzzo has laid out a plan for twenty percent of the winnings each month to paid in taxes.

Whether or not the legislation filed Friday passes or not will depend on lawmakers’ ability to see the future potential and reconcile their differences on the Internet gambling issue.

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