Online poker kings get cashed out

Killing livelihoods and a $2.5 billion industry, the feds attack Internet gambling

Comments (0) By Chris Parker Thursday, Mar 1 2012
...continued from page 5
Maxwell Fritz, a Princeton student, made thousands of dollars with online poker, until he lost it all on Black Friday.
Will Rice
Maxwell Fritz, a Princeton student, made thousands of dollars with online poker, until he lost it all on Black Friday.
Mike Minkoff's business shipping videos and poker books has dwindled to almost nothing after the feds stepped on the online poker business.
Bill Hughes
Mike Minkoff's business shipping videos and poker books has dwindled to almost nothing after the feds stepped on the online poker business.

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It may come down to states legalizing it within their borders (much like medical marijuana) and daring the feds to step in. Nevada has already begun issuing online gambling licenses. Washington, D.C., passed a plan for running its own online poker site. And in December, the Justice Department reversed its long-standing view that the 1961 Wire Act banned online gaming, a move many experts see as opening the door to state-regulated poker.

Yet for the moment, the future remains cloudy. Maybe one day players will again be able to provide for their families. Until then, they're just out of luck.

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