{"id":143,"date":"2024-06-16T06:27:45","date_gmt":"2024-06-16T03:27:45","guid":{"rendered":"https:\/\/vegas2web100freespins.icu\/2024\/06\/16\/california-horse-racing-industry-to-receive-cut-of-online-poker-revenue-under-new-bill\/"},"modified":"2024-06-17T12:57:59","modified_gmt":"2024-06-17T09:57:59","slug":"california-horse-racing-industry-to-receive-cut-of-online-poker-revenue-under-new-bill","status":"publish","type":"post","link":"https:\/\/vegas2web100freespins.icu\/2024\/06\/16\/california-horse-racing-industry-to-receive-cut-of-online-poker-revenue-under-new-bill\/","title":{"rendered":"California Horse Racing Industry to Receive Cut of Online Poker Revenue Under New Bill"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/8iU91eJgIbY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A suggested modification to the California internet poker legislation seeks to placate the state&#8217;s equine racing sector by granting them a substantial share of the earnings produced.  Representative Adam Gray&#8217;s alteration, AB 431, suggests allocating 95% of the initial $60 million in yearly online poker income to the horse racing business.  Nevertheless, racetracks themselves would be prohibited from engaging in the California internet poker market.<\/p>\n<p>This modification would also categorize AB 431 as a time-sensitive statute, implying it would become operational immediately upon receiving the Governor&#8217;s signature if it clears both chambers of the California legislature with a supermajority vote.<\/p>\n<p>The suggested levy rate for online poker in California would be 15% of gross gaming income.  Gaming establishments with a minimum of five years of expertise and California indigenous groups would be qualified to request permits.<\/p>\n<p>Although California indigenous groups have conceptually consented to a structure of restricted licenses for tribes and card rooms and financing for the horse racing sector, they haven&#8217;t yet pledged their complete backing to AB 431.  The cutoff date for bills to be presented in the 2016 legislative session is February 19th. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A suggested modification to the California internet poker legislation seeks to placate the state&#8217;s equine racing sector by granting them a substantial share of the earnings produced. Representative Adam Gray&#8217;s alteration, AB 431, suggests allocating 95% of the initial $60 million in yearly online poker income to the horse racing business. Nevertheless, racetracks themselves would [&hellip;]<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Horse Racing Wins, Poker Players Lose? CA Bill Explained<\/title>\n<meta name=\"description\" content=\"California internet poker bill proposes giving 95% of revenue to horse racing. 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