California reject Sports Betting Proposals
Voters in the US state of California rejected two ballot measures that would have legalised sports wagering in the Golden State, according to initial results. Proposition 27 asked voters to amend the California Constitution to authorise sports betting at tribal casinos, horse racing tracks and card rooms. The ballot measure needed a simple majority to pass, but was opposed by 83.6% of voters as of 05:00 GMT on Wednesday.
California’s proposed sports betting law is expected to be defeated.
Proposition 27 would have amended the California Constitution to authorise sports betting at tribal casinos, horse racing tracks and card rooms. At G2E when defeat seemed likely, Fanduel CEO Amy Howe declared that the industry lives “to fight another day” and signalled the business’ intentions to try again in 2024. However there is no doubt that the failure is a step backward for a sector which is used to breakneck expansion.
Proposition 26, which would have legalised sports betting on tribal land and horse racing tracks in California, imposing a 10% tax on profit derived from such activities—was opposed by most major Native American tribes.
Californians have rejected both propositions aimed at legalising sports betting in the state.
The combined spending of the presidential and congressional campaigns exceeded $500 million, making it the most expensive election in U.S. history by a wide margin.
