ADVERTISEMENT
  • About
  • Contact
  • Testimonials
  • Demographics & Advertising Rates
Sunday, April 11, 2021
Search
    Generic filters
    California Business Journal
    72 °f
    Los Angeles
    64 ° Mon
    62 ° Tue
    60 ° Wed
    60 ° Thu
    62 ° Fri
    64 ° Sat
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      bitcoin of america

      The power of Bitcoin of America intensifies

      venture-capital-investment

      Silicon Valley and Tel Aviv Firm NextLeap Ventures Rising To The Next Level

      stock-market-3

      How the Inflow of Retail Traders is Changing Stock Market Dynamics

      Bitcoin

      Big Changes May Be Coming For Cryptocurrency

    • People
    • Featured
      Dr. Chris Harts4

      Oventus Medical Is Revolutionizing the Treatment of Sleep Apnea

      blockchain2

      Blockchain.com Value Reaches $5.2 Billion

      bitcoin of america

      The power of Bitcoin of America intensifies

      alone at beach

      One Fine Outlook

      Graham-Michael-Byers No. 1

      The Prince of Puerto Rico

    • Technology
      Higher Education Adapts to Covid Using IT

      How Higher Education Has Adapted to Covid-19 Using IT Tools

      NEC X Figure 3_Shige Ihara

      Fast Tracking Technologies … To The World

      Welcome to the construction industry’s automated augment

      Tech Future Healthcare1

      Technology and the Future of Health Care

    • Law
      Doctor getting second opinion on patients x-ray

      What To Do If You’ve Received Improper Medical Treatment

      Mediation-For-Couples (1)

      What is Mediation and How It Can Help?

      What are the legal obligations of businesses and what happens when these duties are breached?

      Nicole Kuklok-Waldman Headshot

      Commentary: How to Bounce Back from a Canceled Career 

    • News
      blockchain2

      Blockchain.com Value Reaches $5.2 Billion

      SleepScore Labs

      The Final Score

      Passports on a map of the world

      If Your Employees with U.S. Passports are Traveling in 2021, Start Planning Now

      hired

      Great Ways to Improve Your Chances of Being Hired

    • Human Interest
      • Food
      • Art & Culture
    • Education
      113-Throwing Green Events How to Stay Eco-Friendly

      Throwing Green Events: How to Stay Eco-Friendly

      home flipping2

      House Flipping: What You Should Know About This Popular Real Estate Trend

      Teaching Kids to Code

      A Parent’s Guide on Teaching Your Kids to Code

      Reasons To Become A Psychologist

      6 Good Reasons That Will Compel You To Become A Psychologist

    • Health & Fitness
      Woman climber on a Klettersteig (Via Ferrata)

      6 Unique Ways to Stay Fit Outdoors This Summer

      WOMAN WORKING OUT

      Taking the Gym Home: Hot Selling Items During the Pandemic

      silhouette-of-man-and-woman-running

      3 Reasons to Start Working Out … This Month

      The Surprising Link between Gut Health and Mental Health

    California Business Journal
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      bitcoin of america

      The power of Bitcoin of America intensifies

      venture-capital-investment

      Silicon Valley and Tel Aviv Firm NextLeap Ventures Rising To The Next Level

      stock-market-3

      How the Inflow of Retail Traders is Changing Stock Market Dynamics

      Bitcoin

      Big Changes May Be Coming For Cryptocurrency

    • People
    • Featured
      Dr. Chris Harts4

      Oventus Medical Is Revolutionizing the Treatment of Sleep Apnea

      blockchain2

      Blockchain.com Value Reaches $5.2 Billion

      bitcoin of america

      The power of Bitcoin of America intensifies

      alone at beach

      One Fine Outlook

      Graham-Michael-Byers No. 1

      The Prince of Puerto Rico

    • Technology
      Higher Education Adapts to Covid Using IT

      How Higher Education Has Adapted to Covid-19 Using IT Tools

      NEC X Figure 3_Shige Ihara

      Fast Tracking Technologies … To The World

      Welcome to the construction industry’s automated augment

      Tech Future Healthcare1

      Technology and the Future of Health Care

    • Law
      Doctor getting second opinion on patients x-ray

      What To Do If You’ve Received Improper Medical Treatment

      Mediation-For-Couples (1)

      What is Mediation and How It Can Help?

      What are the legal obligations of businesses and what happens when these duties are breached?

      Nicole Kuklok-Waldman Headshot

      Commentary: How to Bounce Back from a Canceled Career 

    • News
      blockchain2

      Blockchain.com Value Reaches $5.2 Billion

      SleepScore Labs

      The Final Score

      Passports on a map of the world

      If Your Employees with U.S. Passports are Traveling in 2021, Start Planning Now

      hired

      Great Ways to Improve Your Chances of Being Hired

    • Human Interest
      • Food
      • Art & Culture
    • Education
      113-Throwing Green Events How to Stay Eco-Friendly

      Throwing Green Events: How to Stay Eco-Friendly

      home flipping2

      House Flipping: What You Should Know About This Popular Real Estate Trend

      Teaching Kids to Code

      A Parent’s Guide on Teaching Your Kids to Code

      Reasons To Become A Psychologist

      6 Good Reasons That Will Compel You To Become A Psychologist

    • Health & Fitness
      Woman climber on a Klettersteig (Via Ferrata)

      6 Unique Ways to Stay Fit Outdoors This Summer

      WOMAN WORKING OUT

      Taking the Gym Home: Hot Selling Items During the Pandemic

      silhouette-of-man-and-woman-running

      3 Reasons to Start Working Out … This Month

      The Surprising Link between Gut Health and Mental Health

    Search
      Generic filters
      California Business Journal

      California on track to legalize sports betting

      More than half of the U.S. could have legalized sports betting by the end of 2020, with California the most recent to make the push.

      by California Business Journal Editorial Staff
      A A
      Share on FacebookShare on Twitter

      California state lawmakers held a hearing on sports betting last week, with commentary from industry experts overseen by state senators and assembly makers. California State Sen. Bill Dodd and Assemblyman Adam Gray are hoping the feedback will help them to put together a bill for legalization on the November ballot. 

      California is one of nine set to explore the introduction of sports betting this year, which is great news for March Madness odds. Another 20 states have already made the move since the U.S. Supreme Court removed a federal ban in May 2018.

      Speaking to Fox Business, managing director of sports and emerging verticals at Eilers & Krejcik Gaming Chris Grove says: “We will likely approach a total of 30 states with some form of legal sports betting by the end of 2020.”

      It’s no question why more and more states are wanting to get in on the action – U.S. gamblers bet a total of $1.86 billion in November 2019, creating an annual growth rate of 88%. According to a tweet from the American Gaming Association, 2019 saw the largest expansion of sports betting in the country. Dodd and Gray hope that by spearheading one of two legal movements for regulated sports betting, the state will see a decrease in its current problems with its underground betting market.

      The AGA estimates that Americans illegally wager $150 billion every year. Dodd says that legalization could also solve problems with fraud and tax evasion, while “investing in gambling education.”

      A lack of official legislation in California has meant that some sports betting sites have already set up shop in the state, one of which is Bovada. Bovada Casino is now a go-to site for many gamblers since its establishment in 2011 and continues to provide authentic gaming action. The casino offers a wide range of gambling, including a racebook, sportsbook, and poker. Check out the full Bovada casino review for more information.

      A separate initiative now backed by 18 Native American Tribes hopes to limit sports betting to just five physical casinos and racetracks. Passage of the bill is unlikely, according to Gray, who says, “Large states suffer from this dynamic in general. The states are large, meaning the potential market is large and the relevant stakeholders are many and diverse. Given the size of the prize at stake, those stakeholders are more willing to dig in and less willing to compromise on their preferred vision for legal sports betting. That’s a recipe for legislative stasis.”

      There are currently 65 tribal casinos in the state that could offer sports betting to increase state revenue by tens of millions. It is thought the funds could be put towards increasing the budgets of schools and community colleges.

      ADVERTISEMENT

      In order for sports betting to be legalized in California, any bill put forward would need to receive two-thirds approval from both the General Assembly and the state Senate. The bill would then be added to the November ballot, where it would require another majority vote.

      Gamblers Daily Digest labels America’s outlook on betting as ‘confusing’ as the federal government allows each state to set its own laws on gambling. When it comes to sports betting, however, the U.S. allows only specific bets in specific locations. It is estimated that if sports betting was to be widely available to Americans, the industry could bring in an annual sum of $41.2 billion. Michigan is the most recent state to legalize sports gambling with legislation that passed in December.

      Also visit bestbonus.com.

      Tags: 2018AmericaAmericanCaliforniaCalifornia on track to legalize sports bettingCasinoseducationexplorefederal governmentFundsGamblinggamingHearinginformationinvestingpokersports bettingsports gamblingSupreme Courttax
      ADVERTISEMENT
      California Business Journal Editorial Staff

      California Business Journal Editorial Staff

      WHAT TO READ NEXT

      blockchain2
      Featured

      Blockchain.com Value Reaches $5.2 Billion

      April 6, 2021
      SleepScore Labs
      Education

      The Final Score

      March 10, 2021
      Passports on a map of the world
      Education

      If Your Employees with U.S. Passports are Traveling in 2021, Start Planning Now

      March 1, 2021
      hired
      Education

      Great Ways to Improve Your Chances of Being Hired

      February 16, 2021
      sleep apnea
      Education

      5 Sleep Apnea Myths That Need To Be Busted

      February 16, 2021
      Arden Pala
      Education

      11-Year-Old Arden Pala Finishes His Third Book

      February 11, 2021
      Next Post

      5 things you should know about CBD oil in California 

      Follow Us

      ADVERTISEMENT

      Categories

      • Art & Culture
      • Business
      • Editor's Choice
      • Education
      • Featured
      • Finance
      • Food & Dining
      • Health & Fitness
      • Human Interest
      • Insurance
      • Law
      • Marketing
      • Medical
      • News
      • People
      • Popular
      • Real Estate
      • Social Media
      • Technology
      • Uncategorized

      CBJ Partner Firebrand Media

      Laguna Beach Independent Newspaper

      Laguna Beach Magazine

      Laguna Beach City Guide

      On The Menu Laguna Beach

      Newport Beach Independent Newspaper

      Newport Beach Magazine

      Newport Beach Country Club Magazine

      Coastal Real Estate Guide (NB,LB, CDM)

      Montage Magazine

      Monarch Beach Resort Magazine

      Pacific Coast Magazine (SoCal)

      Omni Escapes Hotel Magazine

      Sea Island Life Magazine

      Salamander Hotel & Resorts Magazine

      Bespoke Concierge New York

      Evans Hotels

      View our entire portfolio here

      ADVERTISEMENT
      ADVERTISEMENT
      Facebook Twitter LinkedIn LinkedIn Instagram
      C B J   LOGO  SVG-01
      • About
      • Contact
      • Testimonials
      • Demographics & Advertising Rates

      Newsletter

      Top Stories

      • Judge gavel, scales of justice and law books in court

        Lawsuit Basics: How Much Does It Cost to Sue Someone?

        0 shares
        Share 0 Tweet 0
      • THE ONLY WAY

        0 shares
        Share 0 Tweet 0
      • REPORT: TECH GIANT CISCO ABOUT TO LAY OFF 14,000

        0 shares
        Share 0 Tweet 0

      Latest Articles

      113-Throwing Green Events How to Stay Eco-Friendly

      Throwing Green Events: How to Stay Eco-Friendly

      April 11, 2021
      Woman climber on a Klettersteig (Via Ferrata)

      6 Unique Ways to Stay Fit Outdoors This Summer

      April 10, 2021
      home flipping2

      House Flipping: What You Should Know About This Popular Real Estate Trend

      April 10, 2021

      California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
      ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
      Site Design by 1REALTOUR

      Search
        Generic filters
        • Front Page
        • Business
          • Insurance
          • Real Estate
        • Finance
        • People
        • Featured
        • Technology
        • Law
        • News
        • Human Interest
          • Food
          • Art & Culture
        • Education
        • Health & Fitness

        California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
        ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
        Site Design by 1REALTOUR