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US Regulation
Abruzzo: legalize, regulate and tax online poker

By George Bennett - Palm Beacah Post
Mar 2, 2010, 09:34

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State Rep. Joseph Abruzzo, D-Wellington, has filed the "Internet Poker Consumer Protection and Revenue Generation Act of 2010" a bill to legalize online poker in Florida.

Abruzzo says about 900,000 Floridians already gamble at sites run by unregulated "offshore operators." He says his bill would bring in more than $200 million in revenue in its first year.

Abruzzo’s bill would allow an Internet hub operator based in the state to pay a $500,000 application fee to the state for a license. Operators would pay the state a 20 percent gross receipts tax. Abruzzo’s 42-page bill includes provisions aimed to combat money-laundering and gambling addiction.

Abruzzo’s bill has attracted the attention of the gaming industry.

The complete bill proposal can be found at
http://myfloridahouse.gov/Sections/D...1&Session=2010

This article is a reprint from the Palm Beach Post. to view the original story, click here.



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