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Californians push to add sports betting vote to November ballot

May 4, 2022 5


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Californians push to add sports betting vote to November ballot

Californians push to add sports betting vote to November ballot

The California sports betting legalization push has the backing and funding from seven U.S. sportsbooks, FanDuel, BetMGM, DraftKings, Fanatics Betting & Gaming, Bally’s, Wynn, and Penn National. The initiative announced Tuesday it had gathered 1.6 million signatures which is half a million more than needed to qualify for the ballot. The sportsbooks have already funded over $100 million to the online campaign with the plan calling for a 10% tax rate and an upfront licensing fee of $100 million for operators and those operators must be licensed in 10 states to qualify.

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