Written By: Jess, RSSPoker.com
With enforcement of the UIGEA scheduled to begin on December 1st, I thought now would be a good time to start talking about the future of US online poker deposit options. Before I go any further, if you’re just looking for available US deposit options, you can find them on our US Poker Deposit Methods page.
While bills like H.R. 2266, H.R. 2267, and H.R. 2268 seek to improve the current situation in US online gaming, the likelihood of anything changing before the December 1st deadline is looking slim. With bigger issues like health care, two wars, and a weak economy dominating almost all of the political discussion going on, our challenge to get online poker moving in a positive direction will be difficult.
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Beginning on December 1st, banks in the US are to begin enforcement of the Unlawful Internet Gambling Enforcement Act (UIGEA). If you aren’t familiar with the UIGEA, it’s a bill that was signed into law on October 13th, 2006 when it was piggy-backed (at the last moment) on the Security and Accountability for Every Port Act of 2006 (SAFE Port Act) . This was considered a ‘must pass’ bill which was voted in at a 409-2 rate by the House of Representatives, and unanimously by the Senate.
Former Tennessee Senator Bill Frist is the person given credit for piggy-backing the bill onto the SAFE Port Act. It is commonly thought that the reason Frist did this was to look good in the eyes of his conservative Republican colleagues, helping him make a run in the Presidential election in 2008. Like every politician, Frist’s job was to serve the people. In this case, he was serving himself, and his selfish political goals are the reason why millions of Americans have lost another piece of the freedom our Constitution promises us.
UIGEA Deadline & Impact on Poker Deposit Options
Beginning on December 1st, 2009, US banks and credit unions are to begin enforcing the regulations within the UIGEA. Their job is to attempt to block transactions to and from online gaming player accounts. While that sounds imposing at first glance, there are reasons to believe that enforcement of the UIGEA will be difficult at best.
Online gaming sites aren’t stupid. They use multiple processors, change processors frequently, and have too much at stake to simply wave the white flag. At the same time, most players and industry insiders are unclear on exactly how the enforcement of the UIGEA will impact player deposits & withdrawals. Will casual players find themselves having to jump through too many hoops to make it worth their time & effort? Will the fear of player funds being seized by the US government cause players to stop playing? Until several December days have come and passed, nobody will know for sure.
Among poker webmasters, it’s hard to find anyone who feels strongly one way or another. In fact, everyone I’ve talked to about this has said basically the same thing. They’re saying that while they don’t know what to expect, they feel confident that alternative deposit options will arise, or that the current options will continue to work.
Nick, a friend who runs one of the better Online Poker Room Review sites told me “Everything changes, but it all stays the same.” During our discussion, I got the clear impression that while he’s concerned about this, he’s not worried about it.
Until we have a better idea of how the US poker rooms are going to respond, guesses are about as accurate as anyone can get right now.
There are a number of significant legal and monetary issues the US poker rooms are facing. How does the enforcement of the UIGEA effect them legally? How much risk are they willing to take? How hard will they fight to keep US players depositing and playing? Can they come up with new deposit options? These are just a few of the questions that we don’t have solid answers for.
Well, I’m not writing this article to tell you “I don’t know”, so I’ll use the best resources I have available, common sense and experience.
Common Sense Re: Post-UIGEA Poker Deposit Options
Since I can’t seem to get any of the powerful US poker room attorneys to comment (shocker), I’ll use the one resource I can usually count on, common sense. Remember, I’m no legal expert, I don’t work at an online poker room, and I have no experience in the banking industry. I’m just a guy with a good amount of time in this industry as a webmaster & player. So, take my thoughts for what they’re worth.
First, when the UIGEA was initially passed 3 years ago, the entire US poker playing population went into panic mode. While we did see publicly traded poker sites like Party Poker, Pacific Poker, and others leave the US market, privately owned rooms like Pokerstars and Full Tilt Poker stuck around. Not only did they stick around, but they defiantly fought the UIGEA by spending hundreds of millions of dollars marketing their rooms online, on TV, print ads and supporting the Poker Players Alliance (PPA). They also discovered and developed new ways for US players to makes deposits & withdrawals.
Does it make sense that on Dec. 1st the poker rooms will simply give up? After all they have invested to develop their businesses, that’s not going to happen. They’ve proven an incredible desire to offer their products to US players, there is no way they’re going to just give up.
A month after the UIGEA first set us into panic mode, the poker rooms made adjustments, and the players adjusted to the changes. With that in mind, this may turn out to be little more than a revisit to 2006.
Next, you have to remember that sites like Pokerstars and Full Tilt Poker are multi-billion dollar companies with highly paid & experienced attorneys. Knowing the deadline for enforcement of the UIGEA was coming, would it make sense for these rooms to continue to pour millions of dollars into US marketing strategies if they didn’t have a way around this? If they weren’t going to be able to provide real-money games to US players, wouldn’t their attorneys have told them this?
Full Tilt Poker has a TV show called Face The Ace, and Pokerstars has the Million Dollar Challenge. Both of these shows are new, and both target the US player market. Does it seem like a good idea to develop a TV show targeting the US market if the player base was about to go away? It sure doesn’t.
Another thing to consider (and possibly the most important), is the ease of creating processors. Every month, thousands of new businesses all over the world begin accepting credit card payments. In fact, just about anyone can do it, in just a matter of days. This means that the poker sites will likely be one or two steps ahead of the banned processor list that the banks and credit unions will be using. Before a processor can be banned, it has to be identified as a processor for online gaming. By the time one processor is identified, it’s likely the poker sites will already be using a different processor.
In 2006, after Neteller stopped accepting US player transfers, new processors started popping up. When money is to be made, someone will find a way to make it. While we may have to jump through a hoop or two, I’m suspecting that new processors will be created, catering to US poker players. As a processor, there is too much money to be made to think that nobody is going to grab it. Someone will pick up the cash.
While it’s possible that we’ll see an increase in processing fees for deposits and withdrawals, most players are accustomed to paying a fee for making a withdrawal. In most cases, players are not directly charged a fee for deposits, and that’s not likely to change.
It costs a minimum of $8 for a cashout at Absolute Poker and Ultimate Bet. Bank Wires at Full Tilt and Pokerstars typically generate a processing fee by the bank accepting the wire (charged to the player). Maybe these fees will go up, maybe they won’t.
Regardless of what happens, serious players will adjust. The real concern is for the casual player – the guy who may or may not be willing to jump through hoops to open an online wallet, pay higher withdrawal fees, etc..
Only time will tell, but we’ll keep you posted on any changes we discover. Bookmark RSSPoker.com and keep an eye on the ‘Online Poker’ section of this site for updates.
For more information about current deposit options at the best US poker sites, read our US Poker Deposit Methods page. You can also check out our sister site for details on the Pokerstars Deposit Bonus or read our Full Tilt Poker Room review for everything you ever wanted to know about Full Tilt Poker.


