Advertisement
U.S. markets open in 1 hour 37 minutes
  • S&P Futures

    5,303.00
    -5.25 (-0.10%)
     
  • Dow Futures

    40,120.00
    -24.00 (-0.06%)
     
  • Nasdaq Futures

    18,480.00
    -23.75 (-0.13%)
     
  • Russell 2000 Futures

    2,138.60
    +0.20 (+0.01%)
     
  • Crude Oil

    82.46
    +1.11 (+1.36%)
     
  • Gold

    2,228.70
    +16.00 (+0.72%)
     
  • Silver

    24.61
    -0.14 (-0.55%)
     
  • EUR/USD

    1.0787
    -0.0042 (-0.39%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Vix

    13.03
    +0.25 (+1.96%)
     
  • GBP/USD

    1.2615
    -0.0023 (-0.18%)
     
  • USD/JPY

    151.3670
    +0.1210 (+0.08%)
     
  • Bitcoin USD

    70,655.69
    +463.40 (+0.66%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.37
    +20.39 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Nevada Senate bill aims to tax internet poker

Nevada Senate bill aims to tax profits of provider for online poker tournaments, not prizes

CARSON CITY, Nev. (AP) -- The Nevada State Gaming Control Board is pushing for legislation in the Nevada Senate to tax the net profits of internet poker tournaments.

Gaming Control Board Chairman A. G Burnett presented the bill, SB9, to the Senate Committee on the Judiciary Tuesday.

On-site tournaments are not taxed because they are promotional events for gambling institutions and require significant investment by the host. Burnett says because interactive tournaments do not have the same expenses, such as utilities, floor space rental fees, food and beverages, they should not be exempt from tax and all costs.

He adds that the proposed tax in SB9 will not extend to prizes won by players gambling online.

Advertisement