Share this on
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.



Related Articles

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. Charles joined the PokerUpdate team in early 2012 and writes daily news articles for the site.