Online Poker in Russia Tries to out come in of the Cold

No, he’s not starring in ‘The Nutcracker Suite,’ but Russia’s Vladimir Putin could soon be playing online poker. (Image: MIKHAIL KLIMENTYEV/AFP/Getty Images)

The us government of Russia is actively considering legalizing and managing poker that is online according to Russian business and politics daily Kommersant, thus checking a potentially huge market which may be worth $145 million annually in fiscal revenue alone.

The Russian daily book says that Russian First Deputy Prime Minister Igor Shuvalov has instructed the Ministry for Economic developing and the Ministry of Justice to compile a report on legalizing Internet poker, which will be due for consideration on July 21st. Kommersant said that the information had been given by unidentified sources within the government.

Moscow has apparently been swayed by certain projections that are fiscal with some analysts claiming that on-line poker legalization could bring 2 to 3 billion rubles ($58 million to $87.5 million) to your state’s coffers per 12 months, a figure that could potentially swell to go beyond 5 billion rubles ($145 million) within 5 years.

The former figure is according to a model in which 1 to 1.5 billion rubles would be levied as a tax on operators, with an identical amount from the players’ income tax. Whether Russia would adopt a monopolistic framework or an available market remains to be seen.

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