California Legislators Keep to Grapple with Gambling Options

California Legislators Keep to Grapple with Gambling Options

Ca lawmakers will mull several state bills that could affect both land and online gambling efforts this season (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 general public, with all 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

Additionally, the panel will review the effect of hawaii’s numerous card groups on both state and tax that is local, also as on charges to both. Yee stated he is checking out the possibility that more gaming that is non-Indian could help boost California’s ever-struggling coffers to become fuller.

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

Of course, as Newton so wisely noted, for each action there’s a similar and reaction that is equal and nowhere does that hold truer than in the world of gambling leg Continue reading “California Legislators Keep to Grapple with Gambling Options”