Casinos

Betting On Californias Online Poker Winnings

At first I thought it was just a midlife crisis, then again maybe an undiscovered libertarian streak within my conservative ideology; after a few days of some serious self-talk and morning bathroom mirror arguments I realized that it was nothing more than common sense.

If nearly one-million Californians are already playing online poker – albeit illegally – why wouldn’t I support a joint revenue share with the State of California and a few sovereign tribes?

I know – it’s immoral to support the legalization of a vice that limits lives and causes burden. Tell me again why conservatives support the legal manufacturing of tobacco and alcohol products? If I remember correctly, choice inside of liberty is a party ideal, whereas self-discipline is not the government’s responsibility.

And if is the money you’re worried about, well it sure beats being taxed into bankruptcy; or worse yet, being taxed across the state line and into the hands of Nevada’s willing collectors.

Online poker profits are simply money that has left our state’s economy, never to return; money that accounts for over 40-percent of the world’s current online poker activity (all illegal), and money that is invested in illegal offshore poker domains in the Caribbean, Russia and the United Kingdom.

And we are ignoring its usefulness because we believe it is wrong to legalize “online poker?” But I can go down to my local brick and mortar casino and play all the poker I desire, adding daily to the growing tribal coffers as I allow my gaming contributions to be added to the state’s contracted revenue without concern – but playing securely within a licensed and regulated online poker hub be damned.

Why?

Why should I be against the state’s collecting over $100 million annually from online poker profits, while I allow the legislators to seize more of my income, my vehicle license fees and sales taxes to satisfy their spending? And what do I care if you want to play (invest) your money in entertainment that provides amusement for millions, as it provides millions for the state’s budget deficit?

It seems that I am not alone. A recent Tulchin poll of 600-person (statewide) reports that 66-percent of California supports regulated and taxed online poker for the Golden State, and 45-percent support such a measure strongly. Tulchin also concluded that 84-percent of California’s polled citizens want the state to regulate online poker ahead of the federal governments eventually efforts.

As I reported last year, U.S. Senator Harry Reid (D-Nevada) already has his grimy fingers around such legislation to pay back his campaign contributors and fulfill his political promises. Why would we delay the inevitable; growing apathetic as the federal government raids our state’s economic infrastructure once again?

I say California first; it is time to refuse illegal offshore pirates to make millions from our harvest, or for foreign islands, countries and territories to skirt our archaic laws? It’s time to add online poker to the state’s economy, as we gather a large portion of revenue for roads, education and other legitimate governance.

Orange County State Senator Lou Correa (D-Santa Ana) has introduced a solid piece of online poker legislation in Sacramento. The bill would allow a limited number of tribes to operate secure, regulated and protected poker domains inside of California. The contract would call for a revenue percentage split between the hub operators (licensed tribes) and the state’s general budget.

Poker players from around the world will log onto California domains due to their regulated financial security and inspected odds. As it stands right now, millions of California players are literally gambling with identity theft and fraud when they log onto an illegal poker website. More security, more protections and regulated odds are marketing enough to make current players, and future players, ante-up for California’s fiscal futures.

The revenue is already waiting.

A recent study operated by former director of the California Department of Finance Tim Gage has concluded that regulating and taxing profits would generate an additional $1.01 billion in the first ten years. Exponentially speaking, as more and more players enlist with the state’s poker hub, this figure grows. It’s a starting point, a reference of today’s windfall and tomorrow’s cash flow.

This would add to the already large California gaming sector, which currently accounts for approximately $8.3 billion in annual revenue, and employs approximately 64,000 California’s, and paid an estimated $375 million to the state in fiscal year 2009-10. The 인터넷 카지노 is also making enough money as recorded.

e to a final argument against; that legalizing online poker only increases government’s appetite and growth, that approving of a poker revenue split from the profits satisfies the hunger of big government, leading to more gluttony.

I have only one answer for this premise; maybe.

Will this newly created revenue stream will be used to feed the addiction of government leading to more bureacracy, higher spending and incremental structural obesity?

It depends

But at least government won’t be getting fatter by grabbing more money from my annual income and pilfering from private sector futures. And when you consider the current fiscal representation in the “Belly of the Beast,” this is a gamble that I am willing to take.

Conclusion-

Visiting a casino for betting and gambling will always remain a great experience for a person but as the phase changes people have to change their preferences according to the changes in their lives. So, in this busy life people who like gambling cannot visit casinos but can use the online casinos for the same purpose.