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California Sports Betting Will Be on the Ballot in November

Legalized sports betting could be coming to California, and voters will have the opportunity to determine the fate of sports betting in The Golden State this November during the midterm election. This fall, two separate measures will be on the ballot: one backed by DraftKings, FanDuel, and BetMGM, and another backed by Native American tribes, horse racing tracks, and card rooms.

Just under one million signatures were required on the petition to make it onto the ballot. The sportsbook-backed petition reportedly turned in more than 1.6 million signatures to the state for verification.

According to reports, the ballot measures would authorize hundreds of millions of dollars in sports betting tax revenue that would be used to address the growing mental health and homelessness issues in the state.

CTAs

Widely considered one of the most lucrative betting markets in the country—if not the world—California has resisted legalizing sports betting since 2018, when a Supreme Court decision made it possible.

The two petitions are somewhat competitive, although it’s possible both measures could pass. If both get a majority of “Yes” votes (and California requires only 50% + 1 to qualify as a majority and pass), then sports betting would be legal at both casinos and online.

The sportsbooks claim their proposal was designed intentionally not to conflict so that both local and nationwide providers could offer mobile app-based betting to consumers in the state. However, the tribes backing the other measure oppose the online component and intend to campaign against it.

DraftKings released this summary of their petition as it would appear on the ballot:

“Legalizes online and mobile sports wagering, which currently is prohibited, for persons 21 years and older. Such wagering may be offered only by federally recognized Indian tribes and eligible businesses that contract with them. Individuals placing bets must be in California and not located on Indian lands. Imposes 10% tax on sports-wagering revenues and licensing fees. Directs tax and licensing revenues first to regulatory costs, then remainder to: 85% to homelessness programs; 15% to nonparticipating tribes. Specifies licensing, regulatory, consumer-protection, and betting-integrity standards for sports wagering.”

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Mike Maher is an editor and content manager at FantasyPros and BettingPros. For more from Mike, check out his archive, follow him on Twitter @MikeMaher, and visit his Philadelphia Eagles blogThe Birds Blitz.

The post California Sports Betting Will Be on the Ballot in November appeared first on BettingPros.

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Author: Micheal May