Could Online Poker be Legalized in California?
A recent study commissioned by California’s Online Poker Association has revealed that the state could benefit to the tune of $1 billion over a ten year period if the game was to be legalized. Despite restrictions, the online poker industry is still thriving in the US. The study also showed that regulation could create more than 1000 new jobs.
In light of this information and the struggling Californian economy, Lou Correa, a state senator, has proposed a new bill entitled Bill 40 – The Online Gaming Accountability Act. The legislation would allow Californian residents to play online poker on sites established within the state and any company wishing to offer such services would be required to apply for a license and pay taxes on their revenues.
Of the bill, Correa said: “the most important aspects of the bill are that it keeps California revenue and jobs (in the state) instead of going out-of-state or offshore.” The likelihood of the bill succeeding is unknown but newly elected governor Jerry Brown has pledged to consider any idea that will increase revenue without affecting public services.