online sports betting legal in california

There will be a lot more information coming out soon and we’re really looking forward to the process.”Ĭollins’ LinkedIn account says he had raised $70 million to launch “a legal, real-money gambling site based in the U.S. His phone voicemail says “these acts are designed to protect California tribes and California taxpayers who are seeing their dollars go to offshore unregulated gaming sites. They panned Prop 27 to allow online sports betting four to one.Ĭollins didn’t respond to the messages to his listed Los Angeles area phone and email. Voters in November 2022 rejected Prop 26 to allow sports betting at California’s American Indian gaming casinos and licensed racetracks two to one. So while it seems crazy to try again to unlock the market after such a resounding defeat, the upside is just so significant that maybe people can’t help themselves.”Īnd if anyone has the wherewithal to bankroll an expensive initiative effort in California, it’s the gaming industry, which pumped a record of more than $360 million into last year’s competing propositions 26 and 27. “It’s the biggest of the crown jewels for that type of betting. “The why is just a constant - (it’s) the potential that the California market has for sports wagering,” said analyst Geoff Zochodne at the sports betting information hub Covers. Turns out the why is a bit easier to answer, industry experts say. “Why did they take it upon themselves to submit two ballot measures on behalf of the tribes who say they want nothing to do with this?” “That seems to be the million dollar question - who are these people?” said Robert Linnehan, regulatory writer and editor at XLMedia, which specializes in online gambling and sports betting. But California’s gaming tribes aren’t on board, and it’s unclear who’s bankrolling the effort. Proponents have filed with the state Attorney General’s Office to launch a pair of proposed measures for the November 2024 ballot that would allow on-site and online sports betting in the Golden State through the state’s recognized Indian tribes.

Now, a mystery player has anted up for another round at the ballot box. California voters last year dealt a crushing bust to a pair of competing ballot initiatives to legalize sports wagering, but the Golden State is too big of a prize for gaming interests to just fold and walk away.

Online sports betting legal in california