Sunday, July 29, 2018

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California needs to hurry up and get in the sports gambling game

Legal sports betting offers the promise of more revenue. Gambling is already a major industry in California, with tribal casinos generating $400 million in state and local tax revenue in 2014. Last year, Assemblyman Adam Gray introduced a constitutional amendment to legalize sports betting, which would require two-thirds approval in the Assembly and Senate and have to pass a majority vote of the electorate. Sports betting won’t be on the November ballot, but a ballot initiative has been proposed for 2020. Native American Casinos are already claiming they have the exclusive ability to operate casino-style games. “California voters have, on numerous occasions, confirmed the exclusive right of California tribal governments to operate casino-style games,” said Steve Stallings, chairman of the California Nations Indian Gaming Association. “Legalization of sports betting should not become a backdoor way to infringe upon exclusivity.” The state will need to remedy this because constructing a sports betting regime for the benefit of a single interest group would negate many of the benefits of legalization. Then, for sports betting to be successful and eliminate black markets, a number of prerequisites will need to be in place. First off, taxes must be low. Legal sports betting providers in the U.S.

For the original version including any supplementary images or video, visit https://www.ocregister.com/2018/07/06/california-needs-to-hurry-up-and-get-in-the-sports-gambling-game/

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