Nevada adopts rules for online poker licenses

[The Buzz]

The Nevada Gaming Commission adopted rules Thursday that would let companies apply for licenses to operate poker websites in the state. The rules are designed to put the state at the forefront of the online poker business should the federal government legalize and regulate activity.

From GPWA:

"We estimate the U.S. online poker market at $5 billion in revenue, relative to the current $24 billion global Internet gaming market and (the) $33 billion commercial casino market in the U.S.," Union Gaming Group analyst Bill Lerner wrote in a research report. "In our opinion, the commercialization of online poker is a 2013 event."

Lerner said from a commercial perspective, online poker within Nevada's borders will be marginal, however, "structurally it will become an important model for other states to follow."

However, Nevada's regulations would allow the state's casino companies to operate Internet poker sites limited to players within its borders. Some of the sites could be up and running by the end of 2012.

[John Stanely]

Great to hear that at last! Less US online casino players will be cheated by offshore operators.

[usaonlinecasino]

Thanks, Buzz.

It's really a good news to have US online poker rooms licensed and started from NV.

[grem]

It is a good start but other states will be jealous of their income.

This is where the taxation begins.

[Anthony]

The rules are designed to put the state at the forefront of the online poker business should the federal government legalize and regulate activity.

...and all their lobbying efforts pay off.