February 18, 2014

California preparing online gambling bill

California could be the only state this year to go for legalizing online gambling, according to industry watchers the largest and most populous state in the US with over 38 million residents is gaining support from the powerful Indian tribes to push for online gambling this year.

Indeed there is huge anticipation that when the new session of the legislature opens on the 22nd February a bill proposing legalizing online gambling will be presented.

It is thought that with now seven tribes for online gambling the most influential of them all the Pechanga tribe will draft a bill to allow for online poker in the state.

Some close to the proposed bill say that it will contain a no interstate compact, keeping all the 38 million potential players to themselves. Also rumoured to include a similar rule on “bad actors” such as Nevada has, removing any applicant that has operated in the US post the UIGEA.

Another inclusion will be one online gambling site for each licensee, not multiple sites. On licensing it is believed that a single license will be $5 million one off payment and tax of 5% of GGR.

Clearly California see the value of their size and do not want to give away their value cheaply, there will be many watching next week to see if a bill will be presented for online gambling.

1 comment:

  1. Online gambling is considered to be an activity that involves betting on the outcome of a contest in game, playing a game for getting money, or paying for the occasion to enter a lottery.

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