California could become America's sports betting capital as rival groups eye November ballot

Two years after the U.S. Supreme Court removed legal barriers to sports betting, California voters could be asked in November to join 14 other states in allowing legal wagers on athletic contests, creating a lucrative industry worth billions of dollars and intense competition among rival gambling interests in the state.

The stakes are high both for the state and companies that might be licensed to offer sports betting, said Assemblyman Adam Gray , a leading proponent for legalized sports betting and chairman of the powerful Assembly Governmental Organization Committee. California is home to the most professional sports teams in the nation, including four National Basketball Assn. teams and three National Football League franchises, as well as powerhouse university teams from UCLA and USC. Lawyers for the National Basketball Assn. and Major League Baseball have told lawmakers that they are supportive of the concept of a constitutional amendment, but want to make sure any new system protects consumers and the integrity of the games.

Because Major League Baseball has five teams in California, the most of any state, “it’s really important that California get it right, particularly because this will be the largest betting market in the country and it will be a state that other states look to,” Brian Seeley, a senior league vice president and deputy general counsel for Major League Baseball, told lawmakers this month.Online gambling can also be lucrative for a state. New Jersey saw some $2.

Legal experts say federal law regarding Native American tribes may be an obstacle to offering internet betting. The proposed initiative would also expand tribal-state compact powers to allow craps and roulette at tribal casinos.put a 10% tax on gross gaming revenues derived from sports wagering, has a good chance of qualifying for the ballot given the deep pockets of tribal casino operators, who must collect valid signatures from 997,139 registered voters.

We do it here and it seems to cause no harm; it's fun too.

That's productive :))

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