In December 2020, it was ruled that PokerStars made in excess of $290 million from around 34,000 Kentucky state residents – resulting in a penalty of $1.3 billion to be paid to the state.
Judge Thomas Wingate of Kentucky’s Franklin Circuit has ruled that the state may collect $100 million in bonds which were posted through insurance companies prior to the December ruling by the Kentucky Supreme Court that PokerStars was “an illegal internet gambling criminal syndicate” operating in the state. The bonds will be transferred in the next 20 days.
The $100 million in bonds is only the first installment of the total penalty due- which is also increasing daily with ~ $500,000 per day in additional interest.
It is unlikely that the remainder of the $1.3 billion balance will be paid anytime soon. Flutter Entertainment, current owner of the PokerStars brand has asked the US Supreme Court to review the case. It is unclear if PokerStars will pay the remainder of the fine, calling it “unenforceable”.
At an April 13th court hearing, one of Flutter Entertainment’s lawyers Sheryl Snyder stated that British Law does not recognize judgements which award “triple damages”:
“THE STATUTE IN THE UNITED KINGDOM TREATS THE ENTIRE JUDGMENT AS VOID AND UNENFORCEABLE. SO THE SIMPLE POINT IS, MY CLIENT BELIEVES THAT WHEN YOU GET TO THE UNITED KINGDOM TO COLLECT, THEY WON’T LET YOU DOMESTICATE THE JUDGMENT”