Players\u27 Pool Slot Gaming: Fact And Fantasy

Players pool gaming has existed in many jurisdictions in connection with card game operations. It has also being proposed for use in slot machine operations in jurisdictions where full Class III gaming is not fully legalized. Using a players\u27 pool trust is a non-house-banked alternative for slot operation that has been proposed to allow Native American tribal casinos in some major states to operate their slot machines in a similar manner to Nevada style casinos. The purpose of establishing players\u27 pool type gaming is to remove the house banking element from gaming that is essentially equivalent to Class III gaming operations and to make it equivalent to lottery type Class II gaming. The paper examines the problems of operation of a players\u27 pool for slot operations and the accounting legal ramifications of using a players\u27 pool