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California and -- not looking for creative solutions to its budget problem obviously one way to raise money may be to legalize online poke -- Experts estimate that could be forty billion dollars worth of bets.
Placed on the online poke -- in any given yeah across the country that is online sites hoping to set up shop in California.
-- are offering that state -- an increase of moxie if California becomes the first state to legalize online Coca.
Joining us now is -- mind you know -- if you watch that program often.
He's the man who wrote the book house advantage he's the CEO all but ten X -- Jeff welcome back good to see against.
Experiment Stewart now the number that shocked all of us laws forty billion dollars -- yeah placed on the table lacks the bet on online poke -- in any one given yeah.
Is being offered a lot of money to allow legalized online poke cut in that state and they will -- get a portion very small portion of the forty billion dollars.
Other numbers right.
Well I mean it's I think those numbers are hard to know for sure I -- I I'd I think they're definitely very -- I mean -- back in the day when they're trying to estimates.
Something like sports gambling they were saying the number in that you know that was gambled illegally was 200 billion -- number that was gamble legally is two billion so.
Amid a general the the amount of money that's -- -- these things is hard to estimate but I wouldn't be surprised at all it was forty billion.
And if it were forty billion and if California legalized online -- How much would flow how much of that forty billion flows as you know the house take if it was going to California how much.
I mean I think there's going to be a fair amount I mean obviously the population Californians use that culture there is very much around gambling and I think that.
Once you legalize it and you make it easier I mean there -- there's been a big ground -- people that.
Have fled those sort of online situations that's become harder and harder to fund them in the crack down and worrying about.
Being you know prosecuted for for being part of it so I think that definitely there is an opportunity for California to see a large portion of that forty billion.
It the it wouldn't be legal by California.
But it still illegal online -- would still be illegal at the federal level.
And there's some question as to whether or not the feds would actually allow California to do this what's your opinion.
Well I mean I'm guessing that just from the stuff that Obama has as sad end and the you know the recent things that.
Around what the court is that I mean I think -- California will be allowed to do it and I think that there's there's just too much opportunity if you look at you know what -- twenty years ago whereas almost unspeakable further because he knows outside of Atlantic City in Las Vegas to.
What the situation is now with you know its casinos and what over thirty states close to forty states.
I mean I think that this this is direction that things are going in and I think that the idea that.
You're gonna be able to stop people from playing you know gambling online play poker online is this sort of ludicrous is real and -- -- that it Jeffrey.
I -- -- -- blackjack -- but do you play online poker.
I do not but you're not would you be tempted if it will legal in California.
Yeah I think I would I don't think I would play.
I would be pumping millions of dollars through their but I think that I would play recreational and have some fun with -- absolutely you still Brandon is Las Vegas.
Yeah I even recently has that the -- involved -- hotel and I was trying to play blackjack with some friends and within you know five minutes are sitting down at a table -- casino manager and down its army.
That I could play any game there except for blackjack.
That facial recognition technology you know against -- every time.
Jeff mafia CEO of ten X these days thanks for joining us Jeff -- -- against it on out thank you.
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