Online sports wagering. [Ballot]

Oct 20, 2021 - These cardrooms are regulated by the local governments that authorized them, the Cali fornia Gambling Control Commission (CGCC), and the California Department of Justice (DOJ). Horse Racing. Currently, four tracks as well as 30 fairs and satellite facilities in 17  counties accept wagers on horse racing.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

Tribal gaming. [Ballot]

Dec 27, 2021 - These cardrooms are regulated by the local governments that authorized them, the Cal ifornia Gambling Control Commission (CGCC), and the California Department of Justice (DOJ). Horse Racing. Currently, four tracks as well as 30 fairs and satellite facilities in 17  counties accept wagers on horse racing.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

Gaming. [Ballot]

Dec 18, 2023 - These cardrooms are regulated by the local governments that authorized them, the Cal ifornia Gambling Control Commission (CGCC), and the California Department of Justice (CA DOJ). Horse Racing. Currently, four tracks as well as 28 fairs and satellite facilities in 17  counties accept wagers on horse racing.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

Sports wagering. [Ballot]

Dec 18, 2023 - These include tribal gambling in casinos, the state lottery, cardrooms that operate certain card games, and horse racing wagering.   Tribal-State Compacts. Native American tribes possess special status under federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-031

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

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

An Update on California Competes [EconTax Blog]

Mar 10, 2023 - One potential interpretation is that the state is making high risk-high reward bets on businesses. While many of these bets do not pan out, the ones that do can be successful enough to yield overall benefits for the state.
https://lao.ca.gov/LAOEconTax/Article/Detail/771

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: Overview of the Governor's Budget

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101