Beware of Online Poker Dormant Fees
The one year anniversary of New Jersey online gaming is two months away. This means that some first deposits are also reaching that same age.
For whatever reason, players forget about funds at poker and casino sites. This problem occurs in regulated states when players make a deposit on vacation and go home without requesting a withdrawal. These players need to be aware that all regulated sites have policies that can remove money from s for inactivity.
New Jersey Dormant Policies
New Jersey’s internet regulations specifically address dormant s:
C.5:12-95.24 Disposition of inactive, dormant s.
22. All amounts remaining in Internet gaming s inactive or dormant for such period and under such conditions as established by regulation by the division shall be paid 50% to the casino licensee and 50% to the casino control fund. Before closing a wagering pursuant to this section, the casino licensee shall attempt to the holder by mail, phone and computer.
Party Poker have the worst dormant policy of all regulated U.S. poker sites. These sites charge $5 per month after a player fails to play a cash game, tournament or make a deposit in 180 days.
The other poker sites use one year as the time that an is considered dormant. Some have different definitions of what dormant means or simply do not define it in their and conditions. These sites turn the money over to the state pursuant to the quoted regulation above after one year es. The sites attempt to players before the money is forfeited.
Betfair only requires a player to to reset the clock. Golden Nugget do not define what dormant means. To be safe, play a $1 hand of blackjack at these sites to reset the clock.
Nevada Dormant Policies
WSOP.com then charges $4.99 per month. The site will email players to remind them of this policy before enforcing the fee.
Real Gaming waits two years to declare an inactive. The site emails players once a week for two weeks after two years have ed. If there is no response within five days of the second email, the funds are turned over to the state.
Ultimate Poker wins the prize for the best dormant policy in Nevada. Ultimate Poker will start ing players after six months have ed. Another attempt is made after a year. A letter is mailed to the address on record after 30 months of inactivity. The player has 45 days to respond. If the player fails to act, the funds are then remitted to the state.
Delaware Dormant Policy
Delaware online poker and casino players have the best protection out of the three states. Inactive s are not sent to the state until five years have ed since the last . Even then, the state will still try and locate the owner of the funds pursuant to state law.
Don’t Leave Money Unattended
These policies are not specific to regulated U.S. poker. Sites all over the world have similar policies. Abandoned funds can be an ing nightmare when appraising sites for sale and other purposes.
The lesson here is to make sure to not leave money in s for any extended period of time. If you are not certain you will be able to play within the allotted time then request a withdrawal. It is easy to redeposit later.