Voters have a chance to make California the 31st in the US to legalize sports betting. But two different proposals on the upcoming ballot want to do it in two totally different ways.
SAN DIEGO -
Under Prop 27, 90% of all the money bet goes to the companies or tribes that run the online gaming platforms. That could be private companies like FanDuel, Draft Kings, or Bet MGM. Both propositions say revenue for the state is hard to predict. It could be in the tens to hundreds of millions of dollars.
With so much money at stake, people on both sides of the issue for both propositions have already spent a lot of money to either promote or defeat the issue. According to filings with the Secretary of State, more than $575 million dollars have already been spent on the two proposals combined to try and sway voters. Commercials for and against each prop have filled the airwaves since before the primary election.
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