The 2022 midterms election is tomorrow.
For Californians, that means we’ll finally get an answer to the sports betting question: Prop 26 or Prop 27? Or neither?
When California voters head to the polls on Nov. 8, they’ll have the option to vote for Prop 26 (in-person sports betting at Indian casinos and horse racetracks), Prop 27 (online and mobile sports betting), both, or neither.
Here is the official ballot language they will see for each CA sports betting initiative.
ALLOWS IN-PERSON ROULETTE, DICE GAMES, SPORTS WAGERING ON TRIBAL LANDS. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Also allows: sports wagering at certain horseracing tracks; private lawsuits to enforce certain gambling laws. Directs revenues to General Fund, problem-gambling programs, enforcement.
Fiscal Impact: Increased state revenues, possibly reaching tens of millions of dollars annually. Some of these revenues would support increased state regulatory and enforcement costs that could reach the low tens of millions of dollars annually.
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ALLOWS ONLINE AND MOBILE SPORTS WAGERING OUTSIDE TRIBAL LANDS. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Allows Indian tribes and affiliated businesses to operate online/mobile sports wagering outside tribal lands. Directs revenues to regulatory costs, homelessness programs, nonparticipating tribes.
Fiscal Impact: Increased state revenues, possibly in the hundreds of millions of dollars but not likely to exceed $500 million annually. Some revenues would support state regulatory costs, possibly reaching the mid-tens of millions of dollars annually.
Most of the sports betting industry firmly expects both Prop 26 and Prop 27 to fail in the 2022 election.
A recent poll conducted by the Public Policy Institute of California shows why. Of the likely California voter respondents, just 36% said they planned to vote yes on Prop 26, and only 24% said they planned to vote yes on Prop 27.
Even if that polling is off by 16%, which recent California election results show has happened with polling on props, that would only be enough for Prop 26 to pass. Prop 27 would need a miracle.
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