To play online poker, you will need to provide your social security number, date of birth, full name, and address. It is also a good idea to enter your IRS IP PIN (personal identification number) when signing up. Fraud is a common crime in the United States and using your IP PIN is not only useful in online poker, but in your life in general. Using your IRS IP PIN is essential for safety and security.
New York’s failure to legalize online poker in 2014
A Republican state senator from Mount Hope, Orange County, has introduced a bill to legalize online poker in New York. It would license 10 operators to offer virtual poker games for $10 million and 15 percent in gross revenue tax. The legislation would require operators to screen users, provide resources for compulsive gamblers, and prevent underage users. It is unlikely that the bill will pass. But there is hope.
In 2014, the state legislature introduced a bill to remove poker from the list of prohibited games. This bill failed to make it past committee. In 2016, a similar bill failed to advance. In 2017, a similar bill passed the Senate by 54-8. Unfortunately, the bill never made it through the Assembly’s Standing Committee on Racing and Wagering. Online poker is still illegal in New York. However, there are some signs of hope for the industry.
The Moneymaker Effect on online poker
The success of moneymaker has spawned the term “Moneymaker Effect,” which describes the growth of online poker, particularly the popularity of big tournaments. Since Moneymaker began winning big money in 2003, thousands of new players have entered these professional tournaments. Some have gone on to win incredible amounts of money, while others simply have enjoyed competing with the best poker players in the world. However, many other factors also contributed to the explosion of poker players.
During 2004, the WSOP was held in Las Vegas. Eventually, the world’s poker scene took off, with players from Europe and Asia joining in. Although the Unlawful Internet Gambling Enforcement Act (UIGEA) slowed the growth of online poker in the United States, The Moneymaker Effect had already revolutionized the poker world. And its impact is still felt today. If you’ve been around poker for any length of time, you’ve likely seen the Moneymaker Effect in action.
The MSIGA as the only active multi-state online poker compact in the US
Founded in 1998, the MSIGA Agreement allows online poker players in signatory states to play with one another without facing any jurisdictional problems. This compact allows the creation of regulated online poker sites that are available to Americans. Until New Jersey joined the compact, the benefits of being a signatory state were limited to 888. But in the past two years, new states have joined the compact, including West Virginia, Connecticut, and Michigan.
The MSIGA was first implemented as a two-state agreement but has grown in significance over time, with more states joining it. The pending admission of Michigan could lead to a mini-poker boom in the state, as the state’s population is larger than any other party to the compact. Even if Michigan joins, however, the online poker industry in this state remains the largest destination for American players – and the largest in terms of population – is offshore.
