California Betting Revenue: What are the Estimates?
California is still on the fence when it comes to legalizing sports betting. There are some heavy hitters already operating under the state’s legal gambling rules that putting up some resistance. Much of the reasoning behind these feelings is associated with revenues.
Currently, card rooms, race tracks and tribal casinos are legal under the California’s gambling laws. Daily Fantasy Sports doesn’t appear in the laws, but is accepted in the state. The revenue each of these operations generates is enormous. If or when legislation is approved to allow sports betting, these entities realize there will be new players in the game.
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