Posts Tagged: gambling
An illustration of an online dashboard for a participant in daily fantasy sports, which is growing in popularity.(Illustration: Tim Foster, Capitol Weekly)
Daily fantasy sports: What started as a seasonal pastime in offices around America has morphed into a daily, multibillion-dollar business, fueled by national TV advertising and the internet. Unlike the traditional office pool, DFS offers same-day cash rewards to winners – a big incentive. And, in California as in most states, it’s not gambling.
Fans enter the Staples Center prior to a Clippers game. (Photo: Eric Broder Van Dyke, Shutterstock)
OPINION: A piece of legislation that would blur the line between gambling and giving is sitting on Governor Jerry Brown’s desk. Senate Bill 549 would grant an advantageous exemption from existing raffle laws to an exclusive set of nonprofit organizations affiliated with major league sports teams. The bill would allow only these nonprofits to conduct raffles where half of raffle proceeds are awarded to a winner.
An online gambler concentrates on his game in Nevada, which recently authorized internet gaming and may license fantasy sports companies.(Photo: Associated Press)
Rival interests are rolling the dice to legalize California’s internet gaming market, the most lucrative in the nation. At stake in the Capitol negotiations is a prize worth hundreds of millions of dollars — and maybe more. It’s not the first time. Efforts to legalize internet poker in California – where the revenue may top $1 billion annually over a decade — have failed repeatedly in the past.
A computer keyboard flanked by the elements of traditional poker. (Photo: Pedro Sala)
As negotiations intensify over establishing internet poker in California, a study commissioned by several casino-owning tribes says online gaming could result in $845 million in revenue and more than 2,600 new jobs by 2020. The figures stem in part from an analysis of legislation that was considered – and rejected — by lawmakers last year. Similar legislation is the focus of negotiations this year, but so far an agreement has proven elusive.
Former Assembly Speaker Willie Brown, reversing an earlier position, says he has joined a group opposing online gaming because of concerns that young people could be harmed. “I was once on the wrong side of this issue – speaking for and supporting internet poker – but I have since learned about some of the tactics used by online gaming companies to lure young people,” Brown wrote in an open letter.
Sen. Rod Wright, D-Inglewood, at a 2013 conference on online gaming. (Photo: Scott Duncan/Capitol Weekly)
Sen. Rod Wright, the chair of the powerful Governmental Organization Committee and the Legislature’s leading expert on online gaming, was convicted of eight felony counts of perjury and voter fraud in a case spanning nearly seven years. He was convicted of lying about his true address — which under California law must be in the district he represents — and lying on registration and candidacy documents. (Above: Rod Wright at a Sacramento conference, 2013. Scott Duncan/Capitol Weekly)