Legalizing Online Poker in California — A Bad Bet or Not?

California, as we all know, is one of the states hit hardest by the recession, that the state is now having problems looking for a new source of income to augment its loss.  One potential source of new revenue can come in the form of online poker, but the question is, is it going to be a good bet?  Or a bad bet?

Lobbying for and Supporting the Legalization of Online Poker

The State of California has made changes in its gambling plans and is now really promoting its state lottery as well as the growing Indian casinos that proliferate in the area, but it seems that its efforts are not enough to give the state its fiscal fix.  Furthermore, both the state lottery and the casinos have failed to deliver their promise.

Right now, a partnership is being created between one of the State's wealthiest gambling tribes and one of the State's largest card room owners to lobby for the legalization of online poker in California.  [Read][more...]