![]() ![]() Fifteen percent of the fund would go to American Indian tribes that are not involved in sports betting. Of the money in the fund 85% would be used for homelessness and related mental health programs. After paying the State’s regulatory costs, revenue from the tax and the licensing fees would go into a new fund.The tax is imposed on a gross amount minus how much money is paid out to winning bets, promotional bets, and federal gambling taxes. Impose a 10% tax on all companies or tribes offering sports betting.Create a new division within the state’s Justice Department to regulate online sports wagering Allow gaming companies to offer online sports betting if they strike a deal with a tribe to operate in California and pay a one-time licensing fee of $100 million plus a renewal fee every five years.Tribes would have to pay a one-time $10 million licensing fee to the State and a renewal fee every five years Allow tribes to offer online sports betting under the tribe’s name and branding.The bettor need not be in a casino to make a bet. No betting could occur on events such as high school sports. Allow adults 21 or older to bet on adult sports events online.
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