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 |
My remark involves the use of proceeds amount. VDACS obliges charities to comply with 11VAC20-20-110 for its use of proceeds formula, which ruins charitable poker. Charities would face difficulties hosting tournaments, as they couldn't generate adequate funds for costs and the necessary use of proceeds. Examining a basic tournament budget shows this formula's ineffectiveness. The fix is to apply the recently introduced pull tab formula to poker.