Gambling Tax, Fantasy Under Attack in California, Dream Regulations and More With Former Colorado State Representative Alec Garnett (Episode 880 with Adam Levitan)
Establish The Run Fantasy Football
Fantasy Football
4.8 • 1.4K Ratings
🗓️ 11 July 2025
⏱️ 47 minutes
🧾️ Download transcript
Summary
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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Transcript
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| 0:00.0 | Hello and welcome to the official at Establish the Run.com podcast. My name is Adam Levittan, |
| 0:20.5 | and today we have an old friend |
| 0:22.6 | of the show, a very, very, very special guest. This young man was formerly in the Colorado |
| 0:30.0 | House of Representatives, was the Speaker of the House there, went on to serve as Governor Polis's |
| 0:35.3 | chief of staff before leaving public service last year. |
| 0:39.0 | It is the one and only man I know in politics or formerly in politics. |
| 0:43.6 | Alec Garnett. |
| 0:45.1 | Alec, really appreciate the time. |
| 0:46.3 | How's it going? |
| 0:47.8 | I'm pumped to be here. |
| 0:49.2 | I listen to your podcast every week. |
| 0:51.9 | And I'm a proud member of Establish the Run for all the fantasy |
| 0:58.0 | goodness that you guys provide. So this is an honor. I will say that another part of my |
| 1:04.6 | background is I placed the first draft king's bet in Colorado history. Yes. And for those that |
| 1:10.2 | don't know, Alec played a big role in getting all of the gambling |
| 1:12.9 | gambling legislation going and regulated and everything through here in Colorado. |
| 1:18.3 | So I thought he was a really good person to have because on today's show, we're going to |
| 1:22.7 | talk through some of the recent legislation and regulation that's affecting the gambling |
| 1:27.4 | and fantasy community |
| 1:28.7 | across our country. I know there are tons more topics out there related to this, but the three |
| 1:33.8 | big ones that I want to hit are, first, the gambling tax change and the big beautiful bill. |
| 1:39.7 | Second, the situation in California with the attorney General Opinion and the Tribes, |
... |
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