Sports betting push in California
Legal sports betting is back on the agenda in California, after two lawmakers lobbied for its legality to prop up the state budget.
US.- Legal sports betting is back on the agenda in California, after two lawmakers lobbied for its legality to prop up the state budget.
Sen. Bill Dodd and Assemblyman Adam Gray are lobbying to put a constitutional amendment on California’s November ballot.
The amendment would allow horse racing tracks and Las Vegas-style casinos run by American Indian tribes to also offer sports wagering, both at on-site locations and mobile devices.
Last year, Californian tribes repeatedly called for sports betting to become legal in the state.
Within the proposal, a 10 per cent tax on gross revenue would be imposed by the state for onsite gambling along with a 15 per cent tax on mobile or online wagering.
The two lawmakers said that could eventually raise US$500million to US$700million per year in tax revenue, with at least US$200million in the first year.
