Charitable gaming; definition of poker events.

Charitable gaming; poker events. Defines poker event for the purposes of charitable gaming to mean a Texas Hold'em poker game or Texas Hold'em poker tournament in which (i) a schedule of fixed and variable fees for entry into the poker event and the number of chips received for such fees is established and posted; (ii) rebuys, reentries, and add-ons are permitted without limitation; (iii) chips with cash value are permitted to be used; (iv) games and tournaments may be run concurrently; (v) no limit applies to how many poker events occur during the time listed on the permit for such poker event; and (vi) a seating fee may be charged at a rate of up to $8 up to once every 30 minutes. The bill requires any qualified organization that conducts any poker event to use at least 20 percent of its poker adjusted gross receipts, defined in the bill, from the conduct of Texas Hold'em poker tournaments for (a) those lawful religious, charitable, community, or educational purposes for which the organization is specifically chartered or organized or (b) those expenses related to the acquisition, construction, maintenance, or repair of any interest in real property involved in the operation of the organization and used for lawful religious, charitable, community, or educational purposes.