Attorney General No.

07-0017

Secretary of State No.

1256

Description

Creates a State-owned Internet poker site. Provides that 90 percent of net revenues be distributed to cities and counties for street repairs and 10 percent of net revenues be allocated to the California Gambling Addiction Program Fund. Allows players age 21 and over to participate. Requires Governor to appoint a Director responsible for the site. Requires that games be similar to prevailing online and live poker room practices. Allows participation from outside the State where not prohibited by law. Authorizes revenue sharing and player base agreements with states, localities and California Indian tribes. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Unknown increase in revenues for (1) cities and counties to use for pothole and street repair and (2) the state to use for gambling addiction assistance programs. This increase could easily be in the tens of millions of dollars annually. Unknown reduction in other tax and gambling-related revenues for the state and local governments. This reduction could offset a significant amount of the net revenues from the state poker site. (Initiative 07-0017.) (Full Text)

Proponents

Anthony Sandstrom

Date

7-27-2007

Document Type

Initiative

Qualified

Failed to Qualify

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