Issue Date: Vol. 52, No. 5, May 2012, Posted On: 4/10/2012
California Lawmakers Mull Online Poker Legalization, Again
by Staff Reporter
SB 40, State Sen. Lou Correa, Ron Wright, online poker for California citizens, Internet gambling
SACRAMENTO, CA -- State Sen. Lou Correa (D-Orange Co.) is sponsoring a bill to legalize online poker for California citizens. Supporters claim that two million Golden State residents currently gamble $13 billion a year on illegal online poker and that the government could realize $1 billion in taxes over the next decade by regulating the activity.
The bill, SB 40, is supported by Indian gaming tribes and the California Online Poker Association. It proposes to sell 10-year licenses to operators of online poker only, leaving other types of online gambling illegal.
California faces a $26 billion budget deficit this year. The state Senate held hearings last July on a similar measure introduced by state Sen. Ron Wright (D-Inglewood), who chairs the committee that oversees gambling.