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It’s come down to this: Time for the California sports betting vote on props that could change the face of gambling in California. Voters will head to the polls, with the immediate future of sports wagers at stake. And the very real possibility that neither of the propositions will pass. In California, a ballot proposition needs just one vote above 50% to pass. But there are two propositions to regulate betting on sports in the state, and the confusion between the two may end up leaving residents waiting at least another year.
Proposition 26, backed by Tribal Gaming interests, and Proposition 27, backed by online sports betting corporations, have both been trailing in the polls. The matter was openly discussed during some sessions at the Global Gaming Expo in Las Vegas several weeks ago, and the attitude about the election was usually pessimistic. Here's a breakdown of each:
Proposition 26: Most of tribes in the state back this initiative, which would allow California sports bets at their casinos, along with horse racetracks. If passed during the California sports betting vote, the terms of Proposition 26 would not allow online sports betting, dealing a major blow to operators such as DraftKings and FanDuel. Their is a 10% tax on revenue with this Proposition, with funds set aside for problem gambling programs, regulation and enforcement, and the state’s General Fund.
Proposition 27: The big operators such as DraftKings, FanDuel have sponsored Prop 27, which would allow California online sports betting, as well as mobile bets from private sportsbook companies who partner with a California tribal gaming. If the California sports betting vote approves this Prop, state residents could then download sportsbook apps and bet from their homes. This Initiative also has a 10% tax betting revenue to fund problem gambling and regulation enforcement, but also includes money for homeless programs.
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