Could California Make a Fortune with Online Gambling?

Introduction

Did you know that the first slot machine was invented in California? Did you also know that California happen to be the birthplace of Tribal Casinos? We have such an interesting history when it comes to gambling, some might even label us as pioneers.

However, while some forms of gambling in California are legal (charitable, tribal, lottery), online gambling still remains a fuzzy area. A fuzzy area that could leave us losing out on billions.

US states that have opened the doors to iGaming are already bringing in large sums. New Jersey legalized online gambling within its borders in 2013 and is now set to bring in a revenue of $1 billion this year. As you can see here , the list of New Jersey online casinos is growing, as is the revenue they bring in.

Could it be time for the Golden State to take the leap and legalize online gambling altogether?

State of Online Gambling in California

Online gambling in California has not yet been legalized and operators are prohibited from opening up online gaming sites within the state. This means online poker, online casinos, and online sportsbooks are illegal, leaving fewer online gaming options for players like daily fantasy sports and horse race betting.

The law, however, does not prohibit Californian players from betting on regulated online gaming sites. So you’re free to play on online gambling sites that are licensed and located outside of California and US jurisdiction as these sites are in fact legal. Although this is great for players, the only downside is that if you come across an online gambling site that becomes defective, you won’t be protected under California law.

Considering Californians aren’t criminalized for using regulated online gaming sites, it could be time to take action and legalize it within the state. The gambling industry is quite valuable for California, with Tribal Casinos bringing in $19.96 billion in 2020 . With the addition of online gambling, there’s no denying that this could be an extra boost to the economy.Previous attempts to legalize online poker fell through and there has been some news regarding online […]

Click here to view original web page at signalscv.com

Leave a Reply

Your email address will not be published. Required fields are marked *