Florida Gets New Poker Laws
States across the country have been drafting legislation that would regulate and tax poker and gambling players on the Internet, with some of the states ratifying the new legislation and other states vetoing this legislation. One such state, that of Florida, has finally received new poker laws it had been anticipating for quite some time. The new poker laws have been passed by both the Florida Senate and the Florida House and poker players across the state are waiting in anticipation for the legislation to be signed by the governor and approved by the Department of Interior. The new laws would provide the state of Florida with uncapped poker.
The Florida House approved the new legislation with a 74-39 vote and the Florida Senate approved the new legislation with a 29-9 vote. The new legislation will allow the Seminole tribe to operate slots that are of Vegas-style in five of their seven casinos across the state. The new legislation will also lower pari-mutuel taxes, extend the hours of poker rooms across the state, and scrap the $100 restriction previously placed on tournaments. That is right; Florida previously had a $100 buy-in restriction on tournaments. Over the next five years, over $1 billion is expected to be earned for the state and the tribe. Representative Bill Galvano (Republican from Bradenton) had the following to say about the legislation:
“This is a big contribution and a big commitment. It’s not estimated, it’s not, ‘Well, we might be able to achieve this.’ This is a guarantee.”
The United States Department of the Interior needs to approve all agreements made between a state and a tribe, which means that the new legislation will not be put into action until the approval is met. The state of Florida has been operating under very strict poker laws for the past couple of decades and has fallen behind the rest of the country as the poker industry exploded in the late 1990s and early 2000s. Most poker players and other gamblers in the state of Florida had to limit all of their bets to $10 and under. Poker players and card rooms across the state pressed the Florida government to change the poker laws for years on end but failed each time. Former governor, Jeb Bush, enacted new poker laws in 2003 that pushed the betting past $10 but players could not bet more than $2 per any given action.
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