California Legislators Continue to Grapple with Gambling Options

California Legislators Continue 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 week that is last 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 will go under the microscope of the gaming policy advisory committee comprised of both industry executives and members of the public, with the goal of determining perhaps the existing regulatory structures that are in place are aiding or abetting California's current and future economic outlook.

Regulatory Review

Also, the panel will review the effect of their state's numerous card groups on both state and tax that is local, aswell as on charges to both. Yee stated he's exploring the chance that more non-Indian video gaming outfits could help boost California's ever-struggling coffers to become fuller.

'Despite the good news we've seen in budget projections, I believe it's always worth looking at 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.

Needless to say, as Newton so sensibly noted, for every action there exists a similar and reaction that is equal and nowhere does that hold truer than on the planet of gambling legislatioRead more