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 comment pertains to the use of proceeds amount. VDACS demands charities to adhere to 11VAC20-20-110 for its use of proceeds formula, which undermines charitable poker. Charities would struggle to organize tournaments, failing to generate sufficient funds for costs and the required use of proceeds. A basic tournament budget analysis reveals this formula's shortcomings. The answer is to apply the recently embraced pull tab formula to poker.