Online Sports Betting in California

As the NFL season rolls into action, more and more states are legalizing online betting on platforms such as FanDuel and DraftKings. The excitement and fervor of professional sports, as well as the millions of dollars of revenue generated from this business has increased the number of states considering the question of whether to legalize online betting. To date, 30 states and the District of Columbia have legalized online sports betting specifically through mobile single-game betting through legal retail, according to the American Gaming Association.

Election 2022

In the upcoming California midterm election 2022, the topic of online betting will be up for debate. If Proposition 27 is passed in California, it would activate the largest market in the world for online sports betting companies, according to CBS. Quinton Hayek, senior, sees the potential benefits of increased online sports betting in new markets.

“The legalizing of Online Sports Betting in California is a great idea that represents the idea of equal opportunity for all sports betting platforms,” Hayek said.

On the contrary, opponents to Proposition 27 argue that it would undercut Indian-owned casinos, as people could bet on any game from anywhere. As a result, more and more individuals will flock to online sports betting at the comfort of their homes, instead of at casinos. Despite this, Hayek believes that the new proposition will help further standardize online sports betting across states, creating more equal opportunities.

“Casinos owned by tribes should not have special treatment and protection from the online sports betting apps,” Hayek said. “Opening up online sports betting to Californians can bring in great tax revenue for state projects.”

What was once reserved as an activity enjoyed during a vacation to Las Vegas, online sports betting is quickly spreading its influence, even reaching political campaign ballots. Ultimately, the economic factors involved are a topic of clear discussion that involve multiple stakeholders, highlighting the many nuances to online sports betting.

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