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Thursday, January 20, 2005

 

Poker club offers safe haven for legal winnings

Dan Morris, and junior at the University of Nebraska, found a way to hold legal, university-sanctioned real-money Texas Hold'em tournaments.

He set up the UNL Poker Club-- an official student organization which collects monthly dues from its members, donates 25% of those dues to various charities, and holds poker tournaments where the remaining 75% of the dues end up as prizes.
“Because the winnings have a set price it’s considered a prize, not winnings,” Morris said. “It’s no different than signing up for a raffle ticket at a basketball tournament.”

Ben Keele, chairman of the ASUN Special Topics Committee, said the poker club was a legitimate student organization as long as it followed requirements, including a minimum number of five members, abiding by the non-discriminatory clause, adopting a constitution and having a faculty adviser.

It's a pretty ingenius way of working around the system! Good work Dan.

Daily Nebraskan - Poker club offers safe haven for legal winnings

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