Moak's Latest Try on Mississippi's Legalised Online Gambling

Moak's Latest Try on Mississippi's Legalised Online Gambling Although Mississippi Representative Bobby Moak failed to push through an intrastate online gambling legalisation bill last year, he is now coming back with HB254 "The Mississippi Lawful Internet Gaming Act of 2013" to present it to the state legislature.

Few apparent differences in the new offering suggest that Mississippi political representatives determine which online gambling genres are acceptable, how those might be regulated, licensed, and taxed at a proposed 5 percent of gross revenues.

Good news is that all the games allowed in land casinos - poker, slots, video poker, table games - would be equally suitable for the online environment. Bad news is that online operators might have difficulty breaking into the market if Moak has his way meaning that licenses will be restricted to those companies already holding land licensing.

Licensing won't be cheap, either: for starters there's a $200,000 'application fee ‘and a licensing fee of $200,000 per annum, and operators face the usual expenses of software certification, management and financial probity, geo-location and player ID precautions and monetary supervision.

The proposed tax windfall from online legalisation is allocated equally to the Mississippi Gaming Commission for anti-illegal gambling activity and to general state funds.

Moak hopes to get the provisions of the bill implemented by July 2013.

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results