As the U.S. citizen have just send Barrack Obama to the white house and also increased the democratic majorities in both houses of congress, many online poker players are anxious to see what change they democratic party will bring to the online poker scene. Barrack Obama is known to be an avid poker fan; he used to play regularly in his home state of illinois so that should be a good head's up for many U.S. poker fans who want to play online in a legal mather.
The direct impact on the market was a positive one, investors believe the elections will bring more support for legal and regulated online gambling. This is not only positive news for the players, but also for any American citizen; In a recent study from PriceWaterhouseCoopers it is estimated that the online poker industry could generate over $40 billion in taxable revenue over the next 10 years in all areas from income tax, wagering tax, licensing and corporate income tax.
The study also noted that there is the potential for $17.6 billion in taxes per year if every state in the U.S. gets on board.
In a reaction on the potential regulations of online gambling in the U.S., many major online poker sites stated that they wouldn't hasitate to bring their business over to the state when they were legally allowed so.
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