Tax Consequences For Online Poker Players

Law360, New York (August 11, 2011, 1:39 PM EDT) -- Depending on one's perspective of the U.S. i-poker industry, April 15 has been alternatively referred to as "Gold Friday" and "Black Friday." April 15 has long been a dubious day in the United States. The United States has a strong anti-tax history — dating back to the founding of the republic.

Much of the legal commentary has focused on the impact the indictments will have on the i-poker industry in the United States and the prospect that Congress and/or individual state legislatures will authorize i-gaming in...
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