Calif. gets new sports betting bill

Assemblyman Adam Gray and Senator Bill Dodd recently introduced a new bill for consideration by the California legislature that would legalize sports gambling. In order to qualify for the 2020 ballot and a decision by the voting public, the bill would need to pass in the legislature by a two-thirds majority.

Forbes recently reported that a research team at Eilers & Krejcik Gaming estimated that a fully mature betting market could generate more than $2.1 billion annually in taxable revenue for California.

The bill will face the usual opposition, including the California Nations Indian Gaming Association, which has already criticized the proposal. Forbes quoted CNIGA Chairman Steve Stallings as saying, “CNIGA does not support any expansion of gaming in California, including sports betting, until the for-profit, commercial cardrooms stop their illegal practices, including constitutionally prohibited banked games. A legitimate discussion on sports betting could then proceed as long as tribal exclusivity is maintained.”