San Francisco Chronicle: Legalized Online Gambling Could be Revenue Source for California

Written by:
C Costigan
Published on:
Mar/09/2011
California Internet Gambling

Should online gambling be legalized in the state of California, the impact would be far greater than legalization in New Jersey.  Last week, NJ Governor Chris Christie vetoed a bill that would have made New Jersey the first state to legalize Web gambling. 

Just compare the populations.  New Jersey has close to 8 million residents while California has around 37 million.  That would rank California 34th in terms of world population if it were a country.  The state is considered to have the 8th biggest economy in the world.

The San Francisco Chronicle reported on Wednesday just how big an impact legalized Internet gambling, specifically poker, could have on revenues for a state that is in dire need of an economic jolt.

From The Chronicle:

Supporters of online gambling say that the recession - and California's $26.6 billion budget deficit - have improved the prospects of tapping the state's estimated 500,000 online poker players to eventually bring the state $100 million a year in tax revenue and 1,100 to 3,000 new tech-related jobs.

At the same time, a recent survey showed that a strong majority of Californians - 66 percent - would back state regulation and taxation of online poker profits. The survey of 600 voters was done by San Francisco pollster Ben Tulchin for Indian gambling organizations and cardrooms.

"For the first time, I have real hope," said Tom Goldstein, a Washington attorney who has long worked on gaming issues. "I think we'll see either state or federal legislation in the next 18 months."

 

California is one of a handful of states considering legalizing Internet gambling.  Iowa, Florida, South Carolina and Kentucky are among the states toying with the idea. 

Then there is the federal government, which last year failed to push through legislation drafted by Senate Majority Leader Harry Reid during the lame duck session of Congress. 

Some have speculated that Christie vetoed the state bill under pressure from casino lobbyists who are more anxious to see federal legislation passed.  Following news of his veto, California Republican Representative John Campbell and Massachusetts Democratic Representative Barney Frank, a long time supporter of legalized Web gambling, announced they would be introducing federal legislation next month to lift current restrictions on the activity. 

California might have a shot of beating federal legislation.  They now have the support of many of the powerful Indian tribes who blocked efforts in the past.

- Christopher Costigan, Gambling911.com Publisher

Gambling News

Influence of Blockchain on Internet Gambling

Influence of Blockchain on Internet Gambling

Ahead of the highly anticipated first ever segment on the long running CBS news magazine 60 Minutes covering bitcoin, Inside Financial looks at the impact blockchain has had on the gaming sector.

Legalized Sports Betting in the US: The Good the Bad and the Ugly

Legalized Sports Betting in the US: The Good the Bad and the Ugly

John Holden, Assistant Professor at Oklahoma State University, has written a must read paper on the legal sports scene in the United States one year after the US Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA). 

You're Not Welcome: Illinois Bill Seeks to Prevent Entrance by Draftkings, FanDuel

Language in a current version of bill floating around Illinois legislature seeks to keep out US legal sports betting titans FanDuel and Draftkings, both of which have absolutely cornered the NJ market.  The Cook County record suggests there will most certainly be legal repercussions.

Sports Betting Forums: Top Discussions

We tap into the hottest discussions on the sports betting forums and social media.  Hot now: Caesars-ESPN deal not celebrated by all, Bitcoin exchanges and gambling, Illinois sports betting bill keeps out Draftkings, FanDuel?

Current Odds Preakness Stakes, Eurovision 2019

Saturday 11 am EST - Eurovision odds: Netherlands -140, Australia 6/1, Switzerland 8/1, Sweden 16/1, Italy 20/1, Iceland 20/1, Russia 28/1 - Preakness Stakes odds: Improbable +245, War of Will 5/1,  Alwaysmining 8/1, Anothertwistafate +750, Bourbon War 8/1, Owendale 10/1, Win Win Win 17/1

Syndicate