Analyzing the sports gambling landscape in California
Read my previous article for all the tips and strategies for safe and responsible sports gambling. Unfortunately, for most people living in California, this is not an option.
California is the most populous state in the United States with millions of sports fans. Still, it is one of only 16 states in the country where online sports gambling is illegal. 스보벳 회원가입
The Professional and Amateur Sports Protection Act of 1992 effectively banned sports betting nationwide, except in a few states. However, on May 14, 2018, the U.S. Supreme Court ruled in Murphy v. National Collegiate Athletic Association that the entire law was unconstitutional. 아시안커넥트 회원가입
Since then, most state legislatures have legalized gambling, generating significant economic revenue. For example, sports gambling generated $693 million in tax revenue for New York state in 2022. The state's total gaming revenue for the year was $1.36 billion. California, on the other hand, refused to join the wave.
Two major proposals that could have led to the legalization of sports betting in California have been submitted to the California Legislature for a November 2022 vote. With aggressive advertising campaigns and approximately $460 million in spending, both efforts set new records for California. However, both of them were rejected and I never got close.
Proposition 26, sponsored by Indian tribes, would have allowed sports betting at the state's four private racetracks, public racetracks, fairs and many other locations, as well as tribal casinos. Additionally, tribal casinos may have started using dice games like craps and roulette. Lawmakers ultimately rejected the proposal because they believed it would give powerful Native American tribes a monopoly over all gambling in California.
Sponsored by state gaming companies, Proposition 27 would legalize mobile and online sports betting outside of Native American tribal lands, especially sports betting on sports betting apps like DraftKings and FanDuel. It would also create a new division within the state Department of Justice to oversee sports betting. Unlike Prop. 26, this bill died after lawmakers argued that the aforementioned gambling companies created the bill for their own benefit, not for the benefit of lower-class Californians.
What do I think?
California is far behind the ball The reasons for rejecting both proposals are valid, but they do not outweigh the economic and audience benefits that legalization would bring. Legalizing sports betting would generate more tax dollars for state and local governments, boosting local retail sales and creating more jobs. Additionally, legalized gambling would allow California fans to invest more in games.
Currently, gambling opportunities in California are limited to Native American casinos, racetracks, gambling halls, and the state lottery. It is currently unclear whether the issue of allowing sports betting in California will return to the 2023 ballot.
Comments
Post a Comment