Are the Feds Cracking Down on Online Poker? We Hope Not
Forbes has a new article basically stating - the feds are out to get some piece of the more than 30 billion dollars in online gambling.
Now the bet is on whether or not Justice is gearing up to go directly after firms like DoylesRoom and the two biggest online poker sites still taking U.S. play: PokerStars and Full Tilt Poker. Together they account for maybe 70% of the $1.4 billion in revenue the U.S. industry brought in last year. Revenues here are known as the rake--the slice of the betting amount that online firms get for hosting games. Players also pay flat fees to enter tournaments.
At Are the Feds Cracking Down on Online Poker? - Forbes.com
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Posted by Jay Brewer at February 12, 2010 9:55 AM
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