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Sports Betting May Come to California

In addition, while many Native American tribes benefit from the money from their casinos, not all are profitable in the state. The tribes collectively brought in nearly $8 billion of gambling revenue in 2017 and nearly $500 million in state taxes. In addition to Native American casinos, California has a state lottery, which has state games, as well as both Mega Millions and Powerball affiliations. The lottery in California takes in approximately $5 billion yearly. California also allows poker rooms, betting on horse racing and online gaming. Most games in California have an over-21 limit. California also has a significant revenue stream in the sale and production of marijuana and marijuana products, which began in January 2018. In the first two months of the year, the business brought an estimated $340 million of revenue into the state. The consensus appears to be it is not a question of if the state will choose sports gaming, but when, and who will control the action: tribal casinos, poker rooms, or horse racing tracks?

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