Florida poker revenue up 35% after law change

Posted by Steve Ruddock on Aug 20, 2010 Posted in Poker News | No Comments »

July 1st 2010 marked a new day for Florida poker players; this was the day that the $100 buy-in limit was removed, and Florida players were finally allowed to play some ‘real’ poker. So how successful has the new legislation been? The Sun Sentinel reports that poker revenue in July was up 35% over June’s numbers — $11.3 million in July compared to $8.4 million in June.

Florida poker rooms not only have larger games, but restrictions on hours have also been removed, allowing poker-rooms to now stay open for 18 hours on weekdays, and 24 hours on weekends, instead of the 12-hour restrictions in place before July 1st –and obviously more hours = more rake collected!

These numbers also don’t include the Seminole Casinos in the state, which more than likely have seen big increases in their poker revenue. The typical Rake in Florida card-rooms is 10% up to a maximum of $5, a little stiffer than some other locales, so it’s no wonder the increase in stakes and buy-ins has been a boom to the Florida poker scene: Could you imagine playing a $100 buy-in game with a $5 rake at $50!

Tags: ,



Leave a Reply

High Stakes News

Promotional News

Introducing the New and Improved Bad Beat Jackpot 2.0
Prepare for an exhilarating upgrade to our renowned Bad Beat Jackpot, …
Read more

Promo Code TTOPS100 BetOnline.ag Offers 100% Poker Bonus Match and FreeRoll Tournament
BetOnline.ag, a popular online gaming site, has unveiled a new promoti …
Read more

10 reasons to play Poker at BetOnline in 2019
2019 seems to be the year poker players search for a new poker site to …
Read more

UK And EU Poker Players Should Check Out The New One Time Poker Website
Most poker players in the European Union and United Kingdom may not be …
Read more