Feb13

Nevada GCB Seeks Tax on Online Poker Tournaments

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Hosts of online poker tourneys in Nevada will be subjected to a tax if the GCB's proposal is approved.

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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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