California officials to review gambling industry taxes
The panel would also look at the effect of card club rules on state and local tax and fee revenue. Yee said there may be room for non-Indian gambling operations to help the state budget more.
“Despite the good news we’ve seen in budget projections, I think it’s always worth looking at new revenue sources for our state,” Yee said. The bill next goes to the state Assembly for consideration.
The bill was opposed by the California Coalition Against Gambling Expansion, which saw it as a possible effort to relax regulations.
“SB 601 should be amended to require a balanced look at the laws and regulations governing gambling, including not only their impeding effect on the industry, but the social and economic costs inevitably related to gambling expansion among California families and communities -- e.g., increased debts, foreclosures and bankruptcies, divorces, suicides, etc.,” the coalition said in a letter to lawmakers.
Louisiana lawmakers move forward with illegal gambling penalties and sweepstakes restrictions
DraftKings, Kalshi and Robinhood executives discuss prediction markets and regulation
Flutter boosts prediction market spending despite Q1 profit slump, cuts 2026 outlook
FanDuel CEO Amy Howe exits as Flutter faces industry shift and lowered forecast
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Flows secures Pennsylvania Gaming Control Board authorisation
Sportsbook integration: Deploying betting widgets at scale
Aristocrat Gaming showcases new Asia-focused portfolio at G2E Asia
