Now that I have found a home for my Fantasy Sport fix on DailyFantasyStrategy, I’m going to take this blog back to what is should be, a poker and life blog. Onto my re-opening topic:
Do NOT expect a new online poker boom!
The powers that be are aligning themselves after the DOJ cleared its view on the Wire Act (but pertaining to lotteries) to finally embrace online poker and the railbirds are chirping, wondering, speculating, arguing and discussing what the future of online poker will and should look like. Well I can tell you one thing, there will be no new poker boom.
This change is going to happen slowly, very slowly, OK not pre-internet slow, but slow for the rapid pace we are on now. We have seen the seeds of change planted in Nevada (Nevada Gaming Commission Proposed Regulations for Interactive Gaming) and the District of Columbia. Some rumblings that states like Iowa and New Jersey are not far behind.
Bills will we written, rejected, debated, rewritten, rinse-repeat until everyone agrees a form of online poker will be passed in THEIR STATE. And then once the rules, licences, and platforms are up and running, such gambling will only happen within the respective state(s) (through state IP addresses.) As it’s been speculated, and seems quite logical, there is another well established industry of gambling that states may align themselves when it comes to this new online poker market, the state lottery systems.
The first state-run lotteries were established in the 60s, factually 1964 by the State of New Hampshire and then followed by New York in 1967. The first US joint lottery formed in 1985 and the bigger lotteries, ie MegaMillions and Powerball, weren’t formed till the late 1990s. Many, like U.S. Digital Gaming‘s Chairman, Richard D. Bronson agree that online poker will take this route:
So what does all this mean?
There will not be a “Boom”, it will be more like a snowball, a slow moving snowball, to get any resemblance to what online once was. Let’s hope you live in a state that will jump on board once the forces of online poker convince the lottery forces that online poker will be good, not bad for them. Hopefully online poker promoters can convince governors like Martin O’Malley of Maryland (Maryland Governor Opposes Online Poker to Protect Lottery) that future lotter sales could be great when teamed with online poker. Just think, MegaMillions reaches 240million and you can buy a $1 ticket in a click:
It will take some time but It’s going to be a fun ride!