You might wonder whether online poker is legal in your state. Although UIGEA makes it illegal for banks to process payments to online poker sites, several states have passed laws to legalize the game. Nevada and New Jersey are two examples of states where online poker is legal. This article will outline what you should know about the legal status of online poker in your state. Further, you’ll discover the differences between legal and illegal online poker. We’ll look at the benefits of online poker for players in Nevada, New Jersey, and Pennsylvania, as well as some of the problems that come along with it.
UIGEA made it illegal for banks to handle financial transactions with online poker sites
The UIGEA was passed to stop banks from handling financial transactions with online gambling sites. However, many prominent privately owned companies continued to accept players from the US. Other notable organizations, such as digital wallet companies, continued to accept US players. Because of the UIGEA, the market for online poker sites is much smaller in the US than it is elsewhere. And if you want to play poker online in the US, you’ll need to find an offshore site that doesn’t fall under US federal law.
Several states have passed legislation to regulate the game
While three states have legalized online poker, more are considering doing so. New Jersey, Connecticut, and Nevada have all passed laws that regulate the online poker industry. Other states are considering the idea as well, with Pennsylvania a likely contender to pass legislation soon. Other states that may be interested in regulating online poker include California, Michigan, and Illinois. If approved, these laws would provide a legal framework for online gambling in those states.
It is legal in Nevada
Until recently, there was a great deal of uncertainty surrounding whether or not online poker is legal in Nevada. The Nevada Gaming Commission began drafting regulations on Dec. 22, 2011, and the Department of Justice issued an opinion letter on online poker in response to a state lottery inquiry. The state legislature ratified the gaming regulators’ regulations in February 2013, adding language to allow the governor to enter liquidity sharing agreements with other states. The state already has such agreements with Delaware and New Jersey.
It is legal in New Jersey
Players from the state can use a variety of payment methods to fund their online poker accounts. Some options are credit cards, e-checks, and wire transfers. Other options include checking with a bank or a payment processor. Fees may vary between payment methods. New Jersey is a pioneer in sharing player pools with other states. It may also enter similar compacts with other states in the near future. While New Jersey does not require players to use a prepaid card to deposit funds, players should check with their financial institution to determine whether the payment method is acceptable.
It is legal in Delaware
Delaware is not a large state and has relatively few people, so the player pool is likely to be relatively small. As a result, the state had to seek an interstate compact to regulate online poker. Despite that, in November and December of 2013, Delaware took in $250,00 in online gambling revenue, with poker making up $176,000 of that. While Delaware is not a leading state when it comes to online poker, it is still an important player in the broader story of regulation.