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The Chip Board Archive 22

Re: *CHRISTMAS IN JULY FOR ON-LINE POKER PLAYERS*

From the press release in your post:
" ... PokerStars will pay a substantial amount of money to the United States, and the government has agreed that all U.S. players will have an opportunity to request that they be compensated out of those funds for their losses."

Notwithstanding the large number of U.S. players who were playing online poker for money, wasn't it ALWAYS illegal? I think its great that players have the opportunity to recover their losses, but it seems that by requesting a refund, players would be giving the U.S. government their identity and essentially admitting that they broke the law previously. I doubt that there's much risk of prosecution, but unless they give "amnesty" to the refund requesters, there seems to be a risk of self-incrimination.

On a related note, for any player that was a net winner in playing, there's tax reporting to be done, perhaps with prior-year amended returns. Maybe everyone reported their gambling winnings in the year earned though. vbg

Messages In This Thread

*CHRISTMAS IN JULY FOR ON-LINE POKER PLAYERS*
This Will Open the Door to Legalized On-Line in US
We hope.
Re: *CHRISTMAS IN JULY FOR ON-LINE POKER PLAYERS*
Re: *CHRISTMAS IN JULY FOR ON-LINE POKER PLAYERS*
I don't think that was how the bill was worded
Is on-line gambling illegal in the USA?

Copyright 2022 David Spragg