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California needs to hurry up and get in the sports gambling game

Sports still had to battle corruption and point-shaving scandals. Illegal sportsbooks and offshore websites, with few or no age restrictions or consumer protections, flourished and left bettors vulnerable to bad actors. The unregulated, illegal betting market grew to $150 billion a year, according to the American Gaming Association. But the Supreme Court’s decision to reject overreaching federal power over sports gambling offers California a new legalization opportunity, just as marijuana legalization has. California is the largest state to legalize recreational marijuana. Its taxes on legal marijuana raised $60.9 million in the first quarter of 2018, with the Legislative Analyst’s Office estimating the full-year revenue will reach $630 million. Legal sports betting offers the promise of more revenue. Gambling is already a major industry in California, with tribal casinos generating $400 million in state and local tax revenue in 2014. Last year, Assemblyman Adam Gray introduced a constitutional amendment to legalize sports betting, which would require two-thirds approval in the Assembly and Senate and have http://livebetting15b.contentteamonline.com to pass http://vegasonline6em.gaia-space.com http://casinobingotmo.gaia-space.com a majority vote of the electorate.

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