Currently, online poker in the USA is in a state of transition. While the passage of the UIGEA laws in 2006 slowed down the progress of online poker in America, recent developments have made the eventual regulation of online poker in the United States seem more like an inevitability rather than a dim possibility.
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In most recent times, a number of US poker sites have been shut down under the UIGEA. We have worked hard and handpicked the best legal US poker sites that are still accepting US poker players. Check out the table below where we have listed our top ranked poker sites for people in the USA.
Best US Poker Sites
- When choosing one of the many US real money online poker sites you could spend a huge amount of time in research. Or you can simply rely on our detailed ranking and reviews of the best online real money poker sites for US players.
- Real money Texas Hold’em is the most popular real money game you can play online. It is easy to find a cash game or tournament option when visiting an online poker room. You can find dozens or even hundreds of tables at most poker sites.
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Legality of Online Poker in the USA
By and large, the act of playing online poker in the United States is not illegal – probably. At times, the Justice Department has tried to say that online gambling should be covered by the 1961 Federal Wire Act; however, the Fifth Circuit Court of Appeals has ruled that this only applies to sports betting, and not other forms of online gambling. Some states have restrictions on online poker: most notably, Washington State has made playing online poker a felony offense.
On the federal level, the most confusing bit of legislation in this regard has been the Unlawful Internet Gambling Enforcement Act of 2006, also known as UIGEA.
Issues with Depositing from the USA
While this law did not make online gambling illegal in the United States, it did make it illegal for banks and other financial institutions to allow money to be wagered or deposited at gambling businesses with their knowledge. UIGEA is the major issue facing USA players who wish to deposit money into online poker accounts, or on other online gambling sites.
For tournament or Sit 'n' Go players who have a firm buy-in set, look to have 50 buy-ins in your bank. So, if you are regularly playing $25 buy-in online poker real money USA legal tourneys, consider having around $1,000-$1,250 back. Having a healthy legal poker US real money bankroll is particularly important if you are multi-tabling on the web. Aside from a few states (see below), it appears to be perfectly legal to play online poker for real money in the US. Thousands of American players play online poker for real money every week. No players have ever been arrested. If online poker is was illegal, the online poker rooms would not be accepting US.
Current US Poker Deposit Methods
Despite the restrictions placed on American gamblers due to UIGEA, most online poker sites still have plenty of deposit methods available to USA players. Some players have found that credit and (more rarely) debit cards are still an effective method for funding their online poker accounts. In other cases, players may be able to use bank transfers or bank wires, or deposit by check (or electronic checks, also known as e-checks). Finally, while most e-wallets have stopped allowing American players to use their services to fund online gambling accounts, a few sites still have agreements with specified e-wallets that will do business with USA customers.
Many online poker rooms have also come up with their own unique or innovative solutions to allow USA players to deposit on their sites. Check your favorite poker room’s website for a complete list of deposit methods available.
Taxes on Online Poker Winnings In The USA
Regardless of the legality of where and how you gamble online, the income made from playing online poker is considered taxable income by the IRS. Worse yet, for most players, the method for computing taxes is one that may result in a significant tax burden on winnings.
In order to properly claim online gambling income (or offline gambling winnings, for that matter), a player must add up the total amount they’ve won in all winning sessions they’ve played during that calendar year. How to compute ‘sessions’ is a thorny issue; players have been known to use each day as a session, while others choose to get more in depth, keeping track of each table/tournament they’ve played or each time they’ve stopped playing. Adding up all of these winning sessions will allow you to computer your gross gambling income.
You may then add up your losing sessions from the year, and treat these losses as deductions. However, you may not take more in deductions than you have made in gross gambling winnings. If you wish to file your taxes correctly, this can really hurt, as the IRS expects gambling income to be reported even if you suffer a net loss for the year! Thus, a $10,000 win can only be offset with $10,000 in losses, even if you lost much more during the year. The worst part of this for most gamblers is that by itemizing deductions in this manner, you will lose the standard deduction you may have otherwise taken.
However, things are not quite as bad if you can file as a professional poker player. Professional players have the advantage of claiming only their net win on Schedule C, rather than adding wins and deducting losses. You may also be able to claim other business deductions associated with your profession, just as you would when operating a business. On the other hand, you will now have to pay a 15% self-employment tax on your income. It is also difficult to achieve professional gambler status in the eyes of the IRS; if you hold another job while you play online poker, it is unlikely they will accept your claim.
Future Outlook for Online Poker in the USA
The future outlook for online poker in the United States is optimistic. While efforts at the federal level haven’t yet been successful, there has been increasing momentum since 2010 to repeal UIGEA and regulate online poker inside the USA, as has been done in France, Italy, and other major nations. Additionally, there has been great interest by a number of states in creating their own intrastate online poker networks in the absence of federal legislation. New Jersey recently became the first state to have such a bill pass their legislature, while Florida, California and Iowa have all had similar legislation debated in the past year. It seems likely that several states will give the green light for online poker in the near future, with federal regulation also a distinct possibility in the medium-term.
Gambling Laws In The USA State by State
In this section, we’ll be adding all the latest news and happenings with regards to online gambling legislation as it takes place, on a state by state basis. The list below provides reviews of state laws. This site (www.legaluspokersites.com) has a list of every state if you don’t see what you are looking for here. We look at the current laws, any pending bills or legislation in the state, as well as a general history of gambling in each state and the future outlook.
Welcome to holdemformoney.com! My name is Bob McKinney and my goal with this website is to share information about the game of Texas Holdem. But the site isn’t just about Texas Holdem poker; it’s about playing for real money, both live and online, in the United States. I’ve been playing for over 10 years, and I’ve ghost-written articles on the subject for countless webmasters. This is my first attempt at launching my own site on the topic, and I hope you’ll find my expertise to be wholly beneficial to your own future experiences.
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Here’s some of the content you can expect from this site:
• Tips about cardrooms, both online and off
• Budgeting and money management as it relates to poker
• How to play (for beginners)
• Strategies for winning more and losing less
• How and where to find the fishiest poker players
• The federal and state-based legalities of Internet Texas Holdem for U.S. citizens
• Budgeting and money management as it relates to poker
• How to play (for beginners)
• Strategies for winning more and losing less
• How and where to find the fishiest poker players
• The federal and state-based legalities of Internet Texas Holdem for U.S. citizens
Here’s some of what you won’t find on this site:
• Overwhelming advertising
• Confusing navigation
• Fluff (meaningless articles written for search engines, not humans)
• Spam
• Confusing navigation
• Fluff (meaningless articles written for search engines, not humans)
• Spam
The Legal Aspect of Online Poker
Having played Texas Holdem online for so many years, I’ve followed the legalities of internet poker in the United States for a very long time. I’ll explain the history that goes along with that story, from the history of the game itself to the initiation of internet card gaming; from the covert passage of the UIGEA in 2006 to the ill-fated ‘Black Friday of Online Poker’ and, of course, the current legal climate in the US. As you surely know, three states—Nevada, Delaware and New Jersey—have already passed laws to regulate online Texas Holdem games.
I, unfortunately, do not reside in one of those states, so I’ll be covering other viable options for Americans. There are plenty of offshore internet poker sites peddling their wares on US soil, and they are all more than willing to take our monetary deposits. The most pressing issue for any American poker enthusiast should be the establishment of trust. It takes years of distinguished service to build a solid reputation in a business like this, and I’ll make sure to provide all of you with the knowledge necessary to make wise choices when signing up with a new poker site.
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Modern Age of Texas Holdem
Years ago, to play real money Texas Holdem online in any feasibly entertaining capacity, you were required to have a relatively new, well equipped desktop or laptop computer, preferably with a Windows OS and the highest speed internet connection money could buy. Otherwise the lag alone would cost you countless chips. In today’s modern age, it’s a whole different story. Every computer built in the last few years is capable of running the sophisticated software. System developers have taken more notice of less common operating systems, like Macintosh and Ubuntu, and the explosion of mobile poker games has been extraordinary.
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I am developing materials detailing the expansion of mobile poker technologies and their optimization for different mobile devices and tablets. For example, the Samsung Galaxy brand leads the market in mobile sales, both in handheld and tablet sales. Thus you can look forward to complete details on Samsung Galaxy poker sites, as well as documentation of Texas Holdem for other Android based products.
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Money Matters
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Anyone who’s ever played Texas Holdem on any serious level knows that ‘money matters’! Okay, that’s not the context in which this segment’s title was written, but it’s true. Knowing how to budget your money and manage your bankroll (yes, money and bankroll should be two separate things) is key to enjoying the game while simultaneously fine-tuning your skills. I’ll be offering some valuable bankroll management tips, as well as a Texas Holdem guide for beginners based on my own personal experiences as well as the advice of renowned professional poker players.
For anyone who intends to play Texas Holdem for real money over the internet, there is another monetary constraint you’ll need to be aware of. Getting funds into (and eventually out of) an online poker site isn’t always the easiest thing for us Americans, especially at offshore websites. Again, the trust issue comes into play, but even more so the lack of depositing options US-facing poker sites grant us. Credit Cards are the most common, and often the safest, way to get money into a Texas Holdem site, with Visa and MasterCard being universally accepted. As such, I’ve provided a comprehensive US player walk-through of using credit/debit and prepaid gift cards to fund your poker accounts. Gift Card vouchers are a surprising popular and safe alternative.