Treating Poker Like a Business: Legal Tips for (Aspiring) Pro Poker Players

Poker Tips Video Source & Information:

Today’s Ask Alec video features Mac Verstandig, Attorney at Law specialized in poker. You can learn more about his practice HERE: http://www.mbvesq.com/

He represents professional poker players for years, so if you are aspiring poker pro player, you will find these legal tips very useful. Learn about the laws related to poker, poker taxes, IRS audits and what should poker players consider on business front when consider become poker professional. Find out how to set up your business as poker professional and why should you keep track of your poker winnings and losses. Is online poker legal in United States?

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Something you should definitely check out:

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The poker hand EVERYONE is talking about!

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Cash Game Poker Strategy: Don’t Play Your Poker Hand: Do THIS Instead!

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Playing High Stakes Poker in Macau

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On this channel I regularly analyze some of the biggest hands of poker played on high stakes cash games like Poker Night in America, Live at the Bike, Poker After Dark and High Stakes Poker or tournaments like the World Series of Poker, World Poker Tour and European Poker Tour featuring legendary poker players like Doyle Brunson, Tom Dwan, Antonio Esfandiari, Phil Ivey, Gus Hanson, Phil Hellmuth and Daniel Negreanu.

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Treating Poker Like a Business: Legal Tips for (Aspiring) Pro Poker Players

10 thoughts on “Treating Poker Like a Business: Legal Tips for (Aspiring) Pro Poker Players

  1. If you win a tourney in say Europe. How do you bring your money back to the US? Just a pile of cash in your suitcase?

  2. Q: What tax category do pro poker players fall under? Investor? Athlete? Entertainer? Something else? How is the business categorized from a tax perspective? You mentioned at table apps that capture wins & losses, any recommendations besides Quickbooks? Thanks! Great video

  3. When naming your poker business should you use the word poker in the name? or something vague that does not have poker in the name? thanks.

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