Action | Promulgation of regulations for Texas Hold’em poker tournaments by the Department of Agriculture and Consumer Services |
Stage | Proposed |
Comment Period | Ended on 5/10/2023 |
Current proposal seems economically infeasible. My comment concerns the use of proceeds amount. VDACS mandates charities to adhere to 11VAC20-20-110 for its use of proceeds formula, which devastates charitable poker. Charities would struggle to host tournaments, as they wouldn't raise sufficient funds to cover expenses and meet the required use of proceeds. A basic tournament budget reveals this formula's inadequacy. A solution is to apply the recently adopted pull tab formula to poker.