Webis Holdings’ advance deposit wagering subsidiary WatchandWager has renewed its licence to offer horse racing in California.
The two year renewal issued by California Horse Racing Board (CHRB) runs from next year to 2022, and allows WatchandWager to continue to accept online pari-mutuel wagers from residents of California.
The operator said the renewal would mean it has continued access to the largest US state population, while also leaving it well-placed to expand into sports betting should regulation pass.
Webis also holds a long-term lease at the Cal Expo racetrack, meaning it offers land-based wagering on racing alongside its online presence.
“We are pleased to receive this key license renewal from the California Horse Racing Board for WatchandWager,” WatchandWager president Ed Comins said. “We believe that the tax, revenue, and jobs generated from this license will have an important benefit to the state of California, especially in light of the economic difficulties caused by the California wildfires and the Covid-19 virus.”
“With this important license and our physical presence at Cal Expo in Sacramento, we believe that the passage of legalized sports betting will result in even more new jobs, duties, and tax revenue to the state,” Comins continued. “WatchandWager stands ready to be an active partner in supporting not only the state’s racing and gaming industry, but also supporting the recovery of the state as a whole.”
