Pennsylvania achieves what no state has done since 2014. Martin Kabrhel wins a WSOP Europe bracelet. These stories and more are in the Thursday Hit and Run.
Pennsylvania Looks to Become #4
On Thursday, Pennsylvania appeared to become just the fourth state — and first since 2013 — to pass online gambling regulation. In passing the legislation, Pennsylvania joins New Jersey, Nevada and Delaware as the only states to regulate online gambling. With population nearing 13 million, Pennsylvania would become the largest state by far to regulate and mean that 25 million Americans would now have access to online gambling.
From here, the bill now heads to the desk of Governor Tom Wolf, who is widely expected to sign the bill. The bill that passed the House on Thursday by vote of 109-72 is a comprehensive bill that regulates not only online poker, but also online casinos, daily fantasy sports, online lotteries and even sports betting if and when it becomes legal federally.
The online gambling legislation would allow the 12 existing casino licenses to receive licenses to operate regulated online gambling for $10 million each. After 90 days, licensees can pay for online licenses for $4 million for each product. Any licenses that remain after this process will be made available to others. In addition to the license fees, the state will also collect taxes on slot revenue (54% ) as well as online table games and online poker (16%).
US Poker’s Steve Ruddock says that online gambling will likely look a lot like it does in New Jersey. So when can players expect to start to play if the Governor signs the bill? The Garden state launched nine months after legislation passed.
Massive gambling expansion bill approved 109-72 in the Pennsylvania House. Heads to Gov. Tom Wolf, less than 18 hours after becoming public.
— Marc Levy (@timelywriter) October 26, 2017
– Martin Kabrhel took down event #3 of WSOP Europe with a victory in the €1,100 No-Limit Hold’em Turbo Bounty Hunter for a €53,557 first place prize. The win was Kabrhel’s first ever WSOP bracelet. Kabrhel has over €3 million in live tournament winnings with his highest cash coming at the PokerStars Championship in Monte Carlo last April for over €303k.
Thursday sees the start of Event #4, the €1,650 No Limit 6-Handed tournament, a 3-day event. A total of 221 players have entered at the time of this writing.
– A second round of Absolute Poker and Ultimate Bet remissions have been approved for 4,600 players totaling $3.7 million. It is currently not known when these particular refunds will be paid. Over $33 million in remissions have already been paid.
– Alex Weldon continues his series on “The Complexity of Power Up” with Part 2 with a “simple” example.
– Grinderschool.com classic poker training video of the day is the conclusion of the “Fishing Season” series. Episode 7 of 7 is a live play of 4 tables of $10NL.
(c) Part Time Poker – Read entire story here.