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California Moves Closer to Legalizing Sports Betting

Nick Cahill June 2, 2020

SACRAMENTO, Calif. (CN) — Desperate to patch a Covid-19-sized budget hole, the California Legislature is warming to the once-taboo subject of sports betting and has begun handicapping its potential tax windfall.

After two years of watching silently as other states hurriedly legalized sports wagering, a Senate committee on Tuesday advanced legislation that could bring sportsbooks — and hundreds of millions in new tax revenue — to the Golden State.

Complete article: California Moves Closer to Legalizing Sports Betting

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