Nevada GCB Seeks Tax on Online Poker Tournaments

Hosts of online poker tourneys in Nevada will be subjected to a tax if the GCB's proposal is approved.
1230 13th February, 2013 Poker Law & Legislation
Nevada GCB Seeks Tax on Online Poker Tournaments

While Nevada lawmakers are considering regulations that will allow the state's intrastate online poker scheme be amended to include interstate play, the Nevada Gaming Control Board (GCB) is seeking legislation that will levy a tax on profits obtained from online poker tournaments.

SB9 was presented to the Senate Committee on the Judiciary by GCB Chairman A.G. Burnett on Tuesday. Live poker tournaments held in the Silver State are not currently taxed because those sites hosting the events are typically required to invest significant sums. Burnett said that online tournaments are not subjected to the same expenses as live tourneys such as rental fees on floor space, food and beverages, and utilities, AP reported.

However, players need not worry, as the proposed tax will not affect prize pool payouts.

 

 

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About The Author

Charles Rettmuller

Charles Rettmuller

Charles has been an avid poker player for a number of years, both live and online. He holds a degree in journalism and previously worked as a reporter for a Chicago-based newspaper...

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