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Will There Be Legalized Online Betting in Massachusetts, Oregon & California?

Will There Be Legalized Online Betting in Massachusetts, Oregon & California?

In order to legalize online poker in the state, California has introduced two separate bills.

Will There Be Legalized Online Betting in Massachusetts, Oregon & California?

All eyes are on California and Massachusetts as they try to legalize online poker in their states while Oregon is waiting to see the results of this.

These bills have a good chance of being passed thanks to the possible support from land based Native American casinos.

This will enable these casinos to expand their poker offering online to gamblers with Californian IP addresses.

If California legalizes online casino gaming, the Indian tribe revenues will be boosted. Other states could also benefit and follow this lead such as Oregon which is a neighboring state. This will also give states an opportunity to partner in gaming ventures.

To date, only three states in the U.S. allow online poker sites and casinos, namely New Jersey, Delaware and Nevada.

Meanwhile, Oregon is taking a ‘wait and see’ approach and in preparation, the lawmakers of the Oregon state are rewriting the laws of the state lottery. It seems though that there is a lot of resistance to legalizing online gambling.

The CEO of the Las Vegas Sands Corporation, Sheldon Adelson, has publicly announced that he wants to end online gambling in the U.S. completely in order to prevent the spread of gambling addiction. Adelson believes that land-based casinos are much safer than the online type.

In Massachusetts, Stanley Rosenberg, the State Senate is proceeding slowly with initiative for online gambling. Currently, the state is slowly introducing gambling by adding slot machines at the Plainville racecourse.

The common denominator in all the states is what impact online gambling will have and if it will negatively impact existing land-based casinos. Steve Wynn, a Las Vegas developer, has said that this theory has not been proven yet as they keep a close eye on gambling effects in New Jersey and Nevada.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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