^[PDF] Proposition 26: Allows In-Person Roulette, Dice Games, Sports Wagering on Tribal Lands. Initiative Constitutional Amendment and Statute.

The fiscal effects would also depend on the number of people who choose to make sports bets and how often the new civil enforcement method is used. Increased State Revenues „ Increased state revenues, possibly reaching the tens of millions of dollars annually, from racetrack and tribal sports betting payments as well as civil penalties.
https://lao.ca.gov/handouts/crimjust/2022/Proposition-26-081022.pdf

^[PDF] Proposition 27: Allows Online and Mobile Sports Wagering Outside Tribal Lands. Initiative Constitutional Amendment and Statute.

The increase would depend mostly on how sports betting is regulated—such as the number of sports betting licenses approved, the type and number of betting options and events offered, and how much state enforcement is done.
https://lao.ca.gov/handouts/crimjust/2022/Prop-27-081022.pdf

Increasing Oversight of the State Litigation Deposit Fund

Jan 28, 2021 - Litigation proceeds are deposited into the LDF in cases where the state is a party to the legal action and no other state statutes specifically provide for ( 1)  t he handling and investing of the money and ( 2)  h ow any earned interest is distributed.
https://lao.ca.gov/Publications/Report/4322

New tax on the wealth of billionaires. [Ballot]

Dec 11, 2025 - California billionaires, like all those earning money in the state, currently pay state taxes on their annual income. How billionaires respond to a new wealth tax could indirectly reduce their income tax payments.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-024

Tribal gaming. [Ballot]

Dec 27, 2021 - Banking games generally involve players betting against the “house, ” who is a participant in the game with an interest in the outcome, and percentage games generally involve the house receiving a percentage of the money involved in the game.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

Gaming. [Ballot]

Dec 18, 2023 - Banking games generally involve players betting against the “house, ” who is a participant in the game with an interest in the outcome, and percentage games generally involve the house receiving a percentage of the money involved in the game.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog] How Have Past Stock Market Downturns Affected Income Tax Revenue? March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog] How Have Past Stock Market Downturns Affected Income Tax Revenue? March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings.
https://lao.ca.gov/LAOEconTax/article/Detail/852

Online sports wagering. [Ballot]

Oct 20, 2021 - For example, the measure prohibits the division from placing limits on the ty pe or amount of free bets or promotional credits offered to individuals, as well as from specifying how odds are to be calculated.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - These companies have made big bets on AI, spending hundreds of billions of dollars on data centers and offering extraordinary pay packages to recruit AI researchers. This spending, coupled with sizable gains to investors and tech company employees via stock options, is boosting state income tax receipts.
https://lao.ca.gov/Publications/Report/5091