Big bet a bust in bid to allow sports gambling in California

المملكة العربية السعودية أخبار أخبار

Big bet a bust in bid to allow sports gambling in California
المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين
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Nearly $600-million was raised in competing efforts to expand gambling and try to capture a share of a potential billion dollar market in California. But voters did not want a piece of that action

The most expensive ballot proposition gamble in U.S. history went bust Tuesday as California voters overwhelmingly rejected sports betting initiatives by Native American tribes and the gaming industry.

More than 30 other states allow sports betting, but gambling in California is currently limited to Native American casinos, horse tracks, card rooms and the state lottery. “Our internal polling has been clear and consistent for years: California voters do not support online sports betting,” said Anthony Roberts, tribal chairman of the Yocha Dehe Wintun Nation. “Voters have real and significant concerns about turning every cellphone, laptop and tablet into a gambling device, the resulting addiction and exposure to children.”

That group was funded largely by cardrooms that stood the most to lose if the measure passed. They said the so-called “poison pill” would allow tribes to sue competitors such as cardrooms.The casino and race track measure was bankrolled by a coalition of tribes who said a 10 per cent tax would have helped pay for enforcement of gambling laws and programs to help gambling addicts.

The non-partisan Legislative Analyst’s Office found both initiatives would increase state revenues but it was unclear by how much. Proposition 26 could bring in tens of millions of dollars while Proposition 27 could bring in hundreds of millions, the office said.

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globeandmail /  🏆 5. in CA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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