If the gambling scene was not as spread out as it
is in the State of California, perhaps it would be a Las Vegas in its own right.
The State Attorney General reported that the betting industry in California is
now worth in excess of $13 billion per year, most of which is contributed to by
an increase and expansion of Indian reservation casinos.
To get an idea of how large gambling at Indian
casinos has become, a total of approximately $155 million was dispensed by
tribal casinos into California revenue sharing funds used to help fund schools
and public projects between 2001 and 2004. Although this does not sound
like an astronomical sum of money for the casino and gambling industry, when one
considers the actual amount of money brought in by tribal casino in this same
period - $17 billion - perspective is given to the situation.
After casino gambling, the next biggest contributor
to California's betting industry was horse racing, which acquired over $4
million from gamblers last year. A near third place went to the California
lottery, which garnered over $3 billion. And with the increase in
popularity of poker, card clubs upped their business as well, bringing in
approximately $655 million.
When looked at the gambling industry in relation to
long-time industry giants such as agriculture (which was worth over $34 billion
last year), it is not a far way off from being one of the biggest business in
California. Whether or not the growing trend continues, (policy makers are
taking a closer look on the recent expansion of tribal casinos) one can most
definitely count on California card rooms and slot machines to keep the gambling
revenue rolling in.