July 11, 2025

Gambling Tax, Fantasy Under Attack in California, Dream Regulations and More With Former Colorado State Representative Alec Garnett (Episode 880 with Adam Levitan)

47 minutes

Adam Levitan sits down with former member of the Colorado House of Representatives and former Speaker of the House, Alec Garnett, to discuss the gambling implications from recent legislation and regulations across the United States.

In this episode, we discuss:

- What are the changes to the gambling tax from the new bill

- How small, late amendments are added to bills

- Why fantasy football for money in California is under threat

- Explaining Illinois’ “Per-Bet Tax” and what it means for consumers

- Who are the biggest winners from the new legislation and regulations

Timestamps:

0:00 - Intro

1:31 - The Gambling Tax Changes from Trump’s “Big, Beautiful Bill”

5:58 - Why Were The Changes Made?

14:36 - California’s Attorney General’s New Stance on Fantasy Sports for Money

23:01 - Illinois’ New “Per Bet” Tax on Sports Betting Operators

34:19 - Adam’s “Legislations If He Were King”

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