According to today's voting results on the California ballot initiatives on the budget, it appears 5 of the 6 ballots are being voted down.
An article in the
Sacramento Bee discusses the California ballots and the measures utter defeat.
These measures were an attempt to arrest the exploding deficit the state of California has. US States are not allowed to fall into deficit. (The Federal Government can go into deficit, but the State are forbidden by laws).
With their budget deficit in the tens of Billions of Dollars, legislators were waiting for these initiatives to fail before resorting to more 'desperate measures.'
Online poker in California is one such desperate measure.
So, now, it appears as a result of a lack of a budget that can retard the deficit the State is considered in a crisis. (Some have jokingly alluded to the budget crisis as so bad that legislators will now allow the state to sell crack cocaine on the street to raise revenue).
With other states looking to legalize online poker, and the Federal Government proposing a measure to regulate it, the race will now be on for California to be the first State in the Union to regulate and license poker.
California also has the LARGEST online poker population, with an estimated 3 million online poker players.
The numbers will speak for themselves. Online poker is the
only known industry stepping forward to the California legislature
asking to be taxed. But there's one catch: license and regulation.
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