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California may benefit from legalizing sports betting, state senator says

Aug 1, 2010 9:15:00 PM - latimes.com
Roderick Wright supports a New Jersey lawsuit challenging federal law that limits the activity. Experts say legal sports betting could generate $1 billion in annual revenue for the state.

Los Angeles gamblers may have bet big on their Lakers winning the NBA championship, but they could not do it legally in California, and the cash-strapped state did not get a piece of the action.

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