Democratic Sen. Bill Dodd of Napa and Assemblyman Adam Gray of Merced are proposing that California finally legalize sports betting — as 23 other states have done — and reap several hundred million dollars annually in 'sin' taxes.
Maybe also the aged poor. And working single moms looking for child care while schools are shuttered.attacking Gov. Gavin Newsom’s proposed draconian cuts
We long have taxed liquor and tobacco. Four years ago, we fully legalized marijuana and now are taxing the drug. In 1984, Californians voted overwhelmingly to create a state lottery, which is providing $1.3 billion for K-12 schools — 1.3% of their total spending. “There’s already billions of dollars of illegal sports gambling going on in the state. There’s no regulatory framework. There’s no taxation.”Last week, the Assembly held a very rare “committee of the whole” — the last time was 25 years ago — to hear and question experts about the state’s budget plight. The governor projects
Lottery winnings aren’t currently taxed by the state, although they are by the feds. Gray would tax winnings exceeding $1 million and earn the state between $40 million and $400 million a year, depending on the players’ luck.Advertisement
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