California have introduced legislation proposing regulated Internet gambling, the details of which have been made available online.
State Senate leader Darrel Steinberg has co-authored the bill allowing operators to apply for 10 year licenses in return for a $30 million licensing fee.
The bill would allow an unlimited amount of licenses, with online poker being the only game permitted in the first two years and other gambling games to be phased in after that period.
The wording of the bill gives preference to tribal interests and other established operators in the state and betrays a “wait and see” policy with regard to opting in or out of any future federal regulation.
While the trend towards state-level regulation gathers pace some insiders believe this will push law-makers to move faster towards regulation on the federal level.
MGM Resorts CEO, Jim Murren went on record that he is “certain” federal laws will be in place by the end of the year and that uniformity of regulation, taxation and the strengthening of crime prevention will be the motivating factors.