What's new
Streak Gaming Online Gambling Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

California still dreaming: Sportsbooks will be undeterred by Prop 27 and 26's defeat

Users who viewed this discussion (Total:0)

dani3839

Administrator
Staff member
Joined
Jan 17, 2008
Messages
82,580
'Source - Full Story - GamingAmerica

Hampered by an aggressive lobbying campaign, two Sports Betting bills were overwhelmingly voted down in the Golden State
legislature on Election Day 2022. Prop 26, which would’ve enabled Californians and tourists to wager at the state’s
casinos and racetracks, was shot down 70-30.

Prop 27, which would’ve enabled both retail and online wagering within the state’s borders, was defeated even more resoundingly:
Only 17% of voters said “yes” to the bill that was backed by FanDuel, DraftKings and many of the biggest names in online wagering.
Still, despite the most heavily populated state refusing to join the 30+ that offer online and/or retail outlets, legalization stands to
grow across several more locations into 2023.

STATES CONTROL Sports Betting

Votes to legalize mobile and retail gambling have been left to the states since the US Supreme Court shot down the Professional and
Amateur Sports Protection Act (PASPA) in 2018. An opportunity to attract new revenue without forcing tax hikes on income, property
or goods and services is seen as a marquee draw toward legalisation, and several states who have enacted legal online
Sports Betting have seen huge financial gains.

“Dozens of states and countless local governments are benefitting from the significant tax revenue that online Sports Betting provides,
” Nathan Click, a proponent of California’s Prop 27, told CalMatters.org in a statement released on election night. “As California faces tax
revenue declines and uncertain economic headwinds, online Sports Betting can provide substantial solutions to fill future budget gaps.
 

Top