We at Sports Media Network are often asked what if they regulated and taxed online poker? Well did you know that 3.8 % of all adults in the U.S. play online poker for real money making the United States the largest online poker market in the World? The Online poker industry generates revenue that is estimated to be $6.7 billion dollars for 2010 or more than double what it was before the legislation was passed to attempt to restrict online gaming in the United States.
The Top Three(3) Online Poker sites on the internet combined average from 30,000-70,000 cash players at any one given time. One of the largest sites online has dealt over 40 billion hands since it opened play in 2001. This would take a person playing 24 hours a day over 100,000 years to accomplish the sane feat. With the enormous amount of action its understandable why a U.S. Congressional report from 2009 estimated that online gambling could generate over $50 Billion dollars in task revenues over a ten year period if the online industry were regulated and taxed.
That would be enough money to cover the complete budget for a ten year period of the Central Intelligence Agency as well as manage to keep the U.S.
Postal service in a continued operation for 12 years and pay all expenses of the National Park Service for an additional 25 years while also funding the Food and Drug administration for the next 25 years and/or build 2500 full size urban high schools.
It does not take much of these incredible statistics to realize that all should get behind the parties to encourage that some type of actions should be taken to make, especially online poker, legal around the world. In the meantime we suggest you visit our friends at POKERHOST.com as they are a entity that works for the benefit of online poker players and few other internet poker sites understand the online poker players as they do!
Try-em, we know you will like-em!