Finance & Revenue
What’s happening? CA will have its voters decide on sports betting in 2022. Under the initiative, sports betting would be permitted at at tribal casinos and horse-racing tracks. It is estimated to bring California some $1 billion in gross annual revenue without online betting.
Why is this important? The initiative was written by California’s tribes who succeeded in a gaming expansion in 2008, in a $115 Million ballot initiative.
How will this be important? Meet the Coalition to Authorize Regulated Sports Wagering & The California Gaming Association says it does nothing to “advance sports wagering”.
L A Times | California voters will decide in 2022 whether to allow sports betting
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