Nevada Senate Wants to Tax Profits of Internet Poker
Published on:
Feb/12/2013
CARSON CITY, Nev. (Associated Press) — 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.
