A bill that would not only increase takeout on exotic wagers in
California but also introduce “exchange wagering” to the state has
drawn opposition within the racing industry.
In a release, a coalition of racetracks called for the defeat of
legislation authored by Assembly Speaker John Perez “that has been
amended to create a new class of online wagering in California.” The
legislation, amended Aug. 20, is headed to the Senate Governmental
Organization Committee the week of Aug. 23.
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