Rakeback.com - Don't play poker without it

Barney Frank Reintroducing Internet Gambling Legislation

Congressman Barney Frank (D-MA) revealed in an article with the Financial Times this week that he plans to reintroduce legislation that is favorable to internet gambling “in the next few weeks”. Frank introduced HR 2046, the Internet Gambling Regulation and Enforcement Act during the previous session of Congress, the bill established a full licensing and regulatory framework for the industry in the United States.

The timeline of a few weeks was confirmed by Steven Adamske, Press Secretary for Congressman Frank though he would not divulge specifics of the bill. In his statement to the Financial Times the lawmaker from Massachusetts and Chairman of the House Financial Services Committee said, “I expect an Obama DoJ to be less zealous about locking people up. These outrageous arrests in transit – they should be stopping that stuff.” He is alluding to the arrests of BetOnSports executive, David Carruthers and others which immediately followed the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in late 2006.

The Financial Times added that “public opinion was demanding the right to gamble online” which served as the catalyst behind Frank’s decision to reintroduce legislation. The proposed bill may be similar to HR 2046 which offered licensing opportunities for companies to solicit US customers. Since it was not acted on during the 2008 Congressional session, it must now be reintroduced for consideration.

A study conducted by PricewaterHouse Coopers estimated that up to $40 billion could be generated from the internet gambling industry over a 10 year period. The UIGEA regulations were officially enacted on January 19, 2009, one day prior to the swearing in of President Barack Obama. The passage of the UIGEA caused the largest online poker rooms such as Party Poker, Pacific Poker and Mansion to leave the US market. Many payment processors also left, including Neteller and Citadel Commerce though many players had money tied up in the companies. Despite the UIGEA’s vagueness, its effects have been long lasting in the United States. The effect that its regulations will have on the industry is still unknown.

How Much Cash Back Will I Earn?

Rakeback increases your winnings from online poker as you continually earn money back from every raked hand or tournament you play.

Many players earn a living wage from rakeback alone. Use the calculator below to estimate the size of payments you’ll get over a given period of time. The calculator will compute your expected daily, weekly, and monthly cash back depending on the stakes and tables you input.

Calculate Your Rakeback

Top Poker Room Recommendation

Black Chip Poker

  • 27% Rakeback
  • $1000 Sign-up Bonus
  • Bonus Code: RBCOM



  • 11 Online Poker Tools to Boost Your Winrate

    August 20th, 2015

    First up, you probably know them already – PokerTracker and Holdem Manager are by far the most popular poker tools – but may not have heard the two companies recently merged.

    Read more…

  • Where are the Softest Poker Games Online in 2017?

    April 26th, 2017

    “I shouldn’t say this on a poker forum but sng 2.0 acr is about as free money as I’ve seen in poker in a long time. Not sure how long it’s going to last but right now as it’s new people r punting hard.”

    Read more…

  • Lottery Sit & Gos – Where to Play

    August 20th, 2015

    A mixture between tournament poker and gambling, the ‘Lottery Sit and Go’ format is popular with recreationals and regs alike – attracting net depositing players

    Read more…

  • Fast-Fold Poker – The Fastest Poker Online

    January 7th, 2015

    Many of Rakeback.com’s partner sites offer Fast-Fold format poker tables. These high speed poker games eliminate the need for table selection and allow players to grind many more hands/hour thanks to a ‘quick fold’ option. This in turn boosts rakeback earnings.

    Read more…

© 2015 Rakeback.com