This week brought us the midterm elections in the US. Aside from electing certain key positions in each state, voters are also making decisions on certain policies about various topics that range from taxation to sports betting. The most popular in the ballots across the country would be the California sports betting bills. Prop 26 and Prop 27 are two bills that aim to legalize sports betting. But both offer it through different platforms, operators, tax rates, and such.
Many who are becoming a bookie know how important access to sports betting is, so online sports betting remains to be the practical option for many. It is also the most preferred wagering channel that bettors across the country use, compared to retail sports betting. Prop 27 is a bill that aims to legalize online sports betting. While Prop 26 aims to allow sports betting in tribal lands.
California Sports Betting Bills are Both Dead
Given the demand for online sports betting boosts the use of bookie software, many in the industry were expecting Prop 27 to pass. However, the bill failed to get the support it needed. The same goes for Prop 26. This is a very expensive loss for all parties involved. Tribal casino supporters and online sportsbook operators have spent millions – around $400 million, to promote their campaigns, and bash the opposing bill.
However, it seems that the problem lies with the expensive campaign rather than the demand for sports betting in California. As one of the most populated states in the country, any sportsbook pay per head operation will have no problem getting players to register. But given how aggressive the campaigns were, voters are allegedly dismayed, and therefore, rejected any bill on sports betting. California legislators will have to try again with new legislation, and have residents vote on it again in the future.
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