Under the Menendez bill, gaming companies would have to undergo a thorough review by the Treasury Department including an analysis of the financial condition of the applicant, business record, and background checks. In addition, an applicant must submit a full financial statement, corporate structure documentation, and a certification that the applicant agrees to be subject to U.S. gambling laws. The Treasury could deny licenses for any firm believed to not meet the criteria set by the government. The measure proposes a license term of five years and renewal would be subject to the same requirements.

The Treasury would be directed to develop guidelines for ensuring age verification and that bettors are physically located in a jurisdiction where gambling is legal. The agency would also have to ensure all taxes due are collected. Further, there are requirements to combat fraud, money laundering and compulsive gambling and to ensure games are fair and bettors' privacy is protected. Licensed sites would have to pay a 10 percent tax on all deposits into playing accounts, the proceeds of which would be split evenly between the federal government and the government of the state where the player is located.

/ Kim from ufc results

Matthew Lawrence Bonner
Data Recovery Services

WSOP  ets le plus grand tournoi de poker

Right now there is considerable income pumped back into the US economy through advertising and sponsorships by the poker sites, but the government isn't getting their direct taxation of the sites and therefore wants to meddle.

Once again, the federal government is showing how short sighted it is by crushing the sites in order to satisfy its insatiable greed and power grabbing.

It simply means that the state does not opt out of the bill.  With 5% of deposits going to participating states, I expect decent participation.

If this means what it sounds like it means--that US online poker players would have to reside in, for example, Nevada, Atlantic city or on an Indian reservation, then this really doesn't do anything great for the online poker community.