Representatives of the California gambling market are fighting for the legalization of online sports betting in the region
California is actively fighting to legalize online sports betting and sports gambling. The corresponding decision should be taken in November of this year. Currently, two opposing formations are fighting for residents’ votes. One organization plans to ban gambling in California altogether. Another company advocates the legalization of gambling and online sports betting, which will significantly simplify the task during the game.
The struggle between two opposite representatives of the gambling market in California
In 2018, gambling bans were officially passed at the federal level in 30 US states. This change was made to the legislation to increase the ability to receive taxes on new income. According to research by various analysts and experts from the state of California, online sports betting can bring in more than three billion dollars a year in the most favorable scenario. That is why a fierce struggle flared for the possibility of legalizing this business in the region. In November 2022, it is planned to hold a corresponding vote among residents.
Gambling is one of California’s key income sources and generates a lot of profit. At the same time, local Indian tribes expressed concern that the legalization of online sports betting could interfere with the financial independence of this community that sponsors classic gambling. Such a decision is considered a violation of the right of residents to earn as they see fit.
On the other hand, if this bill is approved, the legalization of sports betting will significantly profit the region. All money earned in this case will go directly to the development of this industry, as well as other needs. At the moment, among the essential plans, attention should be paid to the need to use additional income to finance hospitals and address the problem of homelessness, a crucial issue for the region.
Non-tribal casinos do not take part in voting
Non-tribal casinos believe that the bill deprives them of the opportunity to generate enough income to increase popularity among the population. They plan to maintain a monopolistic relationship in the gambling market.
Non-tribal casinos united into a single organization. They advocate reducing the risks of taking over the gambling market by criticizing local casinos. Contrasting advertising campaigns are battling to popularize the online sports betting market ahead of the vote.
As a result, all proceeds will not go to the state budget but to the gambling companies’ needs, which will only worsen the situation in the region. The issue will be resolved in November this year.
Alex
Author & Guarantor
Alex is Gamble Critic editor, working to improve our list of online casinos and supporting our casino review team.
Last updated: 21.03.23
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