UIGEA overview at RealMoneyOnlinePoker.org

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ace and king of diamonds as a hold’em poker starting handIn 2006 UIGEA was passed in the USA, it has had a detrimental effect on online poker. The bill was slipped through, quietly attached to a non-controversial piece of legislation. The bill was signed into law by President Bush. The law continues to affect online poker players and the online poker climate as a whole.

Immediately following the bills passage all the online gambling sites listed on public exchanges left the US market. At the same time, most of the privately owned online gambling sites announced their intention to stay. The stock prices of Partygaming and other companies was decreased significantly. Poker Stars and Full Tilt Poker became overnight sensations, and both sites grew to new heights.

The 2007 WSOP Main Event saw its first decline in players since 1992. Without online poker sites to send players, two thousand less players entered the 2007 WSOP Main Event than in 2006. As of the 2012 main event, the number of entrants in 2006 has not bean surpassed.

On October 13, 2006 the SAFE Port Act was signed into law by George W. Bush. This was just two weeks after September 29, 2006 when UIGEA was added in Conference Report 109-711. The revised bill was passed by the House of Representatives by a vote of 409-2 and by the Senate by unanimous consent on September 30, 2006. the reading of this conference report was waived. According to Sen. Frank Lautenberg (D-N.J.), no one on the Senate-House Conference Committee had seen the final language of the bill before it was passed.

The passage of UIGEA affected not only players in the United States but all online poker players. The entire texture of online poker shifted and it took some time for it to settle down. The good news for player of the United States is UIGEA was designed for banks, payment processors, and gambling operators. The law does not get into specifics about what is “Unlawful Internet Gambling” or mention enforcement, charges or punishments for players. The bad news is it made money transactions for US online poker players substantially more difficult.

Online poker is still played to today by many people in the United States. The UIGEA has changed online poker, but it has not stopped it. On a world wide scale online poker continues to see growth, and has a presence in many countries.

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