Cardroom operators scored a rare win last week when a sharply divided state Gambling Commission agreed to let them accept larger bets. On a 3-2 vote Thursday, commissioners raised the wager limit to $400, a boost of $100 and the first increase in 14 years.
Maverick Gaming petitioned last summer for a hike to $500 to cope with an inflation-driven rise in operating costs and to help level the odds of cardrooms competing with tribal casinos where the wager limit is higher.
Its request was the subject of exhaustive negotiations and public hearings and eventually whittled down to $400.
“Today’s vote is evidence of the professional engagement of our entire team with our regulators,” Maverick Gaming CEO Eric Persson wrote to employees following the decision.
