Internet Poker Consumer Protection and Revenue Generation Act of 2010
Democratic politician Joseph Abruzzo proposed the Internet Poker Consumer Protection and Revenue Generation Act of 2010, as he beat other political Representatives in Florida to the draw.
Online gambling Florida
Approximately 900.000 Florida residents already play at websites operates by ‘foreign companies’, according to the Florida Representative. The legislative proposal would contribute by more than €135 million to the state budget in the initial year.
Unlawful Internet Gambling Enforcement Act
The state of Florida has been investigating the internet gambling topic, particularly poker, during several months, and a state body is working on a report for the parliament. However, the Democratic politician seems to has initiated the bill to accelerate the process and cancel the introduction of the Unlawful Internet Gambling Enforcement Act, planned for June 1st 2010.
The bill aims on completely regulating internet gambling in Florida, based on a provision in the UIGEA regarding the right of all states to regulate internet gambling within the state borders.
The new legislative proposal introduces regulating measures, including strict licensing requirements and an application charge of €336.768, which needs to be paid to the Pari-Mutuel Wagering Trust Fund of the Department of Business and Professional Regulations in Florida.
Furthermore, the bill consists of tax provisions and an one-year license charge of €674, as well as stringent restrictions regarding susceptible and under aged players, and safety measures with regard to the participation in crime and money laundering. Only players aged 21 years or older will get access, and there are plans regarding restrictions on amount wagered and time spent gambling. Another requirement is that the gambling software must be independently licensed as fair.
The Florida Representative also introduces a 20% tax rate on gross income, which should be paid every month by operators.