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Saturday, March 10, 2007

Poker deals charitable gambling a winning hand

Charitable organizations at one time turned to bingo and Las Vegas nights
for fundraising events. Today they're capitalizing on the poker craze to
help generate financial support for their programs. Texas Hold'em poker
tournaments for charity are no penny ante fundraisers. The rooms are usually
packed with enthusiastic players who take satisfaction in knowing the money
that's raised is for a good cause. Unlike live poker rooms at casinos in the
Chicago area and Northwest Indiana where you have to be 21 or older to play,
the minimum age for charity tournaments is 18. Another attraction is the
fact beginners and novices can always find a friendly and affordable game,
which isn't to imply the tournaments don't attract experienced players. The
tournaments also have a loyal following of poker sharpies looking for
action. Jim Kasputis, president of Rockford Charitable Games Association
(RCGA), Inc., runs one of the biggest traveling poker games in Illinois. He
started his company in 1984. RCGA maintains a data base of 10,000 active
players representing all levels of experience. Anywhere from 300 to over 500
players will turn out for each of the nearly 200 events that will be held
this year at venues in the greater Rockford, Illinois and Chicago areas. "In
the beginning, poker was a very small part of it," Kasputis said. "We'd
bring in 25 blackjack tables and maybe five poker tables. Today it's 30
poker tables and no blackjack. Texas Hold'em has exploded in popularity." An
organization qualifies for a charitable games license in Illinois if it is
501c tax exempt and has been in existence for five years or more. Once
licensed, it can hold up to four poker fund raisers a year. Popular venues
include restaurants, banquet facilities and VFW halls. Owners can rent their
facilities to bona fide charities up to eight times a year. The host
charity, which has no investment in the games, extracts a "rake" of 10
percent from each pot up to a maximum of $5. The State of Illinois takes
three percent of the gross with the charity pocketing the rest after it pays
the rent and a fee to RCGA. Legally, a player can cash out $250 over and
above what they bought in for, but each fundraiser can offer unlimited
prizes, such as seats to the World Series of Poker. Charity poker
tournaments afford opportunities for devotees of the game from all walks of
life. On Sunday, February 25, the West Suburban Association of the Deaf,
based in Oak Brook, Illinois, sponsored a Texas Hold'em poker tournament for
deaf players at Hanging Gardens Banquets, 8301 W. Belmont Avenue in River
Grove, Illinois. It attracted entrants from all around the Midwest. The
first and second place finishers in the tournament each won a seat to the
2007 World Series of Poker (a $10,000 value) at the Rio All-Suite Casino and
Hotel in Las Vegas, plus travel expenses. "Deaf players communicate at the
tables using American Sign Language," said Ed Glennon, Jr., the event's
chairman. "Many deaf and hard-of-hearing persons play in major tournaments
in Las Vegas."

posted by Jerry "Jet" Whittaker at 3:56 AM

 

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Remember, you can beat the odds, but you can't beat the percentages.