Internet gambling, an illustration. (Photo: Pedro Sala)
Legalizing internet poker in California – a fruitless effort that has spanned seven years, a dozen major bills and hundreds of hours of tense talks – was headed for defeat in the Capitol, following opposition from a key Senate committee leader. Casino-owning tribes, card clubs and the horse racing industry were unable to agree on a formula that would allow them to share in the online gaming market, potentially worth hundreds of millions of dollars.
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.