Morgan Stanley Predicts Online Poker Legalized in California in 2015

morgan-stanley
By James Guill

Morgan Stanley issued a new report this past week on the U.S. iGaming market. The new report stated a less bullish picture of the U.S. market in coming years. Now the company is predicting the U.S. market to be worth $1.3 billion by 2017 and up to $5 billion by 2020. These numbers are down [...]

Interstate Compacts May Force California’s Position

By John Mehaffey

California online poker is stalled for at least another year. New bills are expected to be introduced when the 2015-2016 legislative session starts. By the time new bills are being considered, Delaware and Nevada may have shared liquidity. 888 plans to launch in Nevada in late 2014 or early 2015. It will share liquidity with [...]

PrivateTable Real Money Launch Moved to Next Week

By John Mehaffey

PrivateTable has delayed its real money California online poker launch.  The site, operated by the Iipay Nation of Santa Ysabel, is currently open for play chip action.  PrivateTable announced earlier this month that it would open in the range of August 26-28. California Online Poker contacted player support about the delay via live chat to [...]

Featured California Online Poker Stories

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    By Brian Mickers

    Is Online Poker Legal in California 2014

    Are you interested in playing online poker in California but want to know the legality of online gaming?

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    By John Mehaffey

    AB 2291 Online Poker Bill

    Introduced by State Rep. Reggie Jones-Sawyer, California AB 2291 is favored by Indian tribes and would legalize online poker for tribes & cardrooms.

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    By John Mehaffey

    SB 1366 Online Poker Bill

    Introduced by Lou Correa, the bill is more detailed but very closely related bill to AB 2291. This bill would allow potential state compacts although forbids cash transactions.

CaliforniaOnlinePoker.com is your source for news and information on California legislation that would legalize online poker for California residents.

In February 2014, two online poker bills were announced.  SB 1366 would allow online poker only.  It includes a bad actor clause that would forbid any company from operating in the state if it took action from U.S. players after December 31, 2006.   AB 2291 is a similar bill.  One difference is that the bad actor clause was left open for future debate.

These bills have not received a committee hearing or any specific discussion.  On April 23, 2014, the California Assembly Committee on Governmental Organization held a hearing to discuss online poker.  Topics included the history of online poker in the U.S., testimony from executives involved in the regulated industry, as well as views from tribal and commercial gaming companies.

The hearing appeared to be a positive for the online poker industry.  One opponent of gambling in general was cut off from his speech.  Andy Abboud, VP of Government Affairs for Las Vegas Sands, had his company’s motives questioned by the committee.  All members of the committee that spoke appeared to be educated about the online poker industry.

Five bills in the past had been introduced but failed to pass in the California Legislature.  Those bills were the Internet Poker Consumer Protection Act of 2013, SB 51, SB 678, SB 1463, SB 40 and SB 45. These bills would have  legalized, regulated and taxed online poker in California.

California is currently struggling with massive debt and legalizing online poker would allow the state to potentially make more then 1 billion dollars over the next decade and create over 1,000 new jobs.

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