Online sports wagering. [Ballot]

Oct 20, 2021 - Authorizes Actions Against Illegal Online Sports Wagering. The measure imposes a 15  percent tax on people in California who illegally make online sports wagers. This tax is applied to the amount a person bets.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

Gaming. [Ballot]

Dec 18, 2023 - However, the deduction for free bets and promotional credits would be limited to the initial five years after a tribe begins its sports wagering operatio n. In the first year of operation, this deduction would be limited to 15  percent of all sports wagers made after deducting all player winnings.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

Tribal gaming. [Ballot]

Dec 27, 2021 - However, the deduction for free bets and promotional credits would be limited to 15  percent of all sports wagers made after deducting all player winnings. For tribes offering sports wagering under individual tribal-state compacts or federal gaming regulations, pa yments into these funds would only occur if required by the compact or regulations.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

Sports wagering. [Ballot]

Dec 18, 2023 - If any new or amended compacts with tribes seeking to offer sports wagering are authorized, the measure requires these compacts to include certain sports wagering regulations. At minimum, these regulations must limit wagering to (1) bets made by people age of 21 and older; (2) professional or college sporting events that do not
https://lao.ca.gov/BallotAnalysis/Initiative/2023-031

California gaming activities. [Ballot]

Oct 1, 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 money involved in the game.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-009

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

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

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - Limited Insight Into Specific Activities, but Administration Anticipates Revising Savings Estimates Downward at May Revision. It is our understanding from the administration that it is in the early phases of developing and implementing any changes resulting from the BCG contract.
https://lao.ca.gov/Publications/Report/5156

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Fiscal Oversight Provides Insight Into the Benefits and Costs of State Programs. As the state ’s primary policymaking body and stewards of public resources, the Legislature regularly undertakes oversight of the state ’s programs.
https://lao.ca.gov/Publications/Report/4983