By Matt Kaufman, Rakeback.com Poker News Staff Writer
Last week poker players in the U.S., and especially those from California, were excited about the possibility that State Senator Lou Correa's Senate Bill 40 might soon pass. The bill would have made it legal for intrastate online poker to be offered by California casinos.
Today the poker world lets out a collective sigh at the news that Senate Bill 40 no longer has a chance to be considered this year. Senate President Pro Tem Darrell Steinberg pronounced the efforts to pass any online poker bill before the legislative year ends on September 9th dead.
Steinberg's primary reason for doing so was because in his eyes "significant, unresolved issues remain" with respect to tribal rights, license eligibility and possible federal issues. He believes that if the Senate were to make a decision hastily they could reach the wrong one.
Although his reasons seem sound, the alternative point of view is still compelling. California is in a terrible economic state. Lou Correa has said that his bill could have created 1,300 jobs for Californians over the next decade. It was also expected to generate about $1.4 billion in revenues.
Despite their desperate need for an economic boost, Californians will have to wait until 2012 before any bill for intrastate online poker is considered by the State Senate.
The State Senators will surely have an easy time finding another new source of revenues for their state that doesn't require a tax hike and certainly they can do it before September 9th. No problem!
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