Sports Betting California Bill. With california currently facing a $54bn deficient in its budget, there is a push to find new revenue drivers for the state government. The curvy path to legalizing sports betting in california comes to an untoward end this week as sca 6 was squashed in the face of tribal opposition.
Chris grove of the research firm eilers and krejcik gaming said that the market could be worth $2.5 billion per year in california. Dodd and assemblyman adam gray, who originally introduced the bill, had hoped it would be on the upcoming november ballots.unfortunately, their plans have fallen through after taking big steps to legalize sports betting in the state. The bill would allow for statewide mobile and retail sports wagering at tribal casinos and horse racetracks.
From there, the bill would be added to the.
According to a report from consultancy group eilers & krejcik gaming, a mature sports betting market that allows mobile wagering could lead to annual tax revenue of more than half a billion dollars. Now, the golden state is looking to finally put a footprint in sports betting. On tuesday, the senate appropriations committee sent sca 6 to its “suspense” calendar, with the intention of voting on it at the june 18 meeting. Tuesday was a big day for californians hoping to legalize sports betting.