Perspective
May 12, 2012
Betting on i-Gaming could have big returns
State senators have introduced a bill to capture a "$200 milliion cash cow." By Harsh P. Parikh and Heidi McNeil Staudenmaier of Snell & Wilmer LLP
Earlier this year, on the last day for bills to be introduced, Senate President pro tempore Darrell Steinberg and Sen. Rod Wright introduced what they hoped to be a $200 million cash cow for California's struggling treasury: legalization of online gambling. The sponsors of the new Senate bill seek to capitalize on the lucrative online gambling market, with estimates that more than two million Californians alrea...
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