California Legislators Maintain to Grapple with Gambling Options

California Legislators Maintain to Grapple with Gambling Options

Ca lawmakers will mull several state bills that could affect both land and online gambling efforts this year (Image: Michael Macor, The Chronicle)

A new California gambling bill approved last week by the State Senate could up taxes and review regulatory procedures on the Golden State’s ever-expanding gaming industry. Introduced by Sen. Leland Yee (D-San Francisco), SB 601 goes under the microscope of a gaming policy advisory committee comprised of both industry executives and members of the public, with all the goal of determining perhaps the current regulatory structures that are in place are aiding or abetting California’s current and future economic outlook.

Regulatory Review

Additionally, the panel will review the effect of hawaii’s numerous card clubs on both state and tax that is local, aswell as on costs to both. Yee stated he’s exploring the possibility that more non-Indian gaming outfits may help improve California’s ever-struggling coffers to be fuller.

‘Despite the good news we’ve seen in budget projections, I do believe it is usually worth considering new revenue sources for our state,’ noted Yee. Once the committee review is complete, the new bill will proceed to your state Assembly for further assessment.

Of course, as Newton so wisely noted, for each and every action there exists a similar and reaction that is equal and nowhere does that hold truer than in the world of gambling legislation. No Read More