8th of April 2013 Author: Johnny Karp
California Senator Rod Wright has finally managed to get his SB190 scheduled for a hearing by the California state Senate Governmental Organisation Committee on April 23, regardless of the prospect of the US state coming into conflict with a federal law.
SB190 introduces sports betting, including horse racing, to be controlled by existing licensed gambling entities in the state. It contains protective clauses to guard against underage, problem gambling, and recognition of tribal rights to participate.
Provisions for sports betting applications would be made through the California Gambling Control Commission or the California Horse Racing Board, on payment of an annual fee for deposit in the Gambling Addiction Program Fund.
Each licensed entity would remit monthly to the Treasurer an amount equal to 7.5 percent of its gross revenues for deposit in the state's General Fund.
The proposal tasks the commission, the board, and the department to adopt regulations to implement its provisions and to establish fees for recovering costs incurred performing their duties pursuant to these provisions.
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