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Will be beneficial to the world poker tour. and jeffrey, you mentioned that the shows moved offshore and why did they move offshore in the first place? well, the federal government in the last decade made an effort to stop online poker, and that s, and so it is illegal to run a business in the united states that is online poker, but given the demand and given the creativity of entrepreneurs what they did was, they moved the actual operation of the web sites out of the united states, outside of the reach of american law enforcement, but what they couldn t do is to create a mechanism to get the money from players in the united states to the poker operations overseas and that is really what this big prosecution is about. it is about the money moving operation from the united states to the poker operations, which i think that has shut them down permanently, but as we know and we have discussed here, there is such demand for poker, and there ....
vince, you see a lot of the online players in your tournaments. what do you think that the impact is going to be on the game and the popularity of your tv shows and also can t the government add their own rake to make some money off of the sites? well, of course, you will have billions of players out there saying what just happened? okay. where is my poker game? they are going to probably and it is hysteria right now running out to the bars which is not a good thing and i say get the game back and let them play their poker and it is a spice of life and a lot of fun. there are good social things that people, and there is camaraderie and intelligence, and there s skill factor in poker and i say, what is wrong with gambling, and i don t think it is that bad. and the world poker sorry. well, the world poker tour, we do a show with the big tournaments around the world, and that is continuing, and actually a lot of the shows that were produced, tv shows produced by those sites, i d ....
All of them were part of a federal government crackdown, and indictments on fraud and illegal gambling were unsealed late last week. this is big money we are talking about and a website that tracks the online game says that u.s. players wagered around $16 billion on these sites last year, and top players can earn upwards to $1 million a year in online cash games and tournaments, so should internet poker be legal in the u.s. and maybe even taxed? let s bring in the stream team now. cnn legal analyst jeffrey tube bin and barrett duke, and vince van patton and tv host of the world popular world poker tour. okay. guys, let s start with the obvious here before we get into the nuts and bolts and the same argument that some are making over new jersey, legalize it and tax the industry. vince, start with you, what is t harm here? well, to me there is a difference, because leaggallega ....