CS for SB 812 - Internet Poker Consumer Protection and Revenue Generation Act

• Creates a licensing and regulatory framework for intrastate Internet poker in Florida, with the Division of Pari-mutuel Wagering administering the program and selecting up to three Internet poker hub operators through competitive procurement.

• Requires Internet poker hub operators to pay a $25,000 initial filing fee, $500,000 annual license fee, $1 million surety bond, and a $10 million nonrefundable advance payment credited toward a 10% tax on monthly gross receipts.

• Limits participation to registered players physically present in Florida who are at least 18 years old and establishes cardroom operators holding at least 10 licensed tables as eligible cardroom affiliates to provide portals into the state network, paying a $1,000 annual license fee.

• Allocates remaining gross receipts after taxes as: 70% to cardroom affiliates, 25% retained by hub operators for operational costs, 4% for statewide advertising and marketing, and 1% for problem gambling prevention and treatment services.

• Requires extensive consumer protections including player account registration, self-exclusion forms, problem gambling resources, responsible play limits, fraud prevention systems, and prohibits credit provision and offshore operators who previously accepted Florida wagers since October 13, 2006.