Major League Baseball on Friday announced its support for a move that would allow online sports betting in California, becoming the first major sports league to take sides in the high-stakes battle between bookmaking giants and powerful tribal gaming operators. of State.
Two major sports betting initiatives are on the November ballot. Proposition 26 would limit in-person betting only at tribal casinos and four racetracks. Proposition 27 would allow online sports betting.
MLB supports Proposition 27, California’s Homelessness and Mental Health Solutions Act. It is backed by a coalition of sports betting operators including DraftKings and FanDuel. A percentage of Proposition 27 revenue would be dedicated to addressing California’s homelessness crisis.
DraftKings and FanDuel are among the Official MLB Betting Partners. MLB, which has five franchises in California, has been an advocate for the legalization of sports betting since the U.S. Supreme Court in 2018 struck down the Professional and Amateur Sports Protection Act of 1992.
“As legalized sports betting continues to grow across the country, Major League Baseball remains committed to protecting the integrity of its games and creating a safe experience for fans who wish to bet on these games,” said the MLB in a statement released Friday. “Proposition 27 — the only measure on California’s upcoming ballot that would license and regulate online sports betting — includes strong integrity provisions designed to help MLB meet those commitments.
“The measure would, for example, require (1) sports betting operators to notify leagues of suspicious betting activity, (2) allow leagues to propose restrictions in betting markets particularly susceptible to manipulation, and (3 ) would facilitate other forms of integrity-linked cooperation between the state, leagues and operators. MLB believes that Prop 27 has the necessary safeguards to create a safe and responsible online sports betting market in California – a state with millions of MLB fans looking for alternatives to illegal offshore betting sites.”
Proposition 26, The California Sports Wagering Regulation and Unlawful Gaming Enforcement Act, is backed by a coalition of tribes, led by Pechanga.
“A large and growing coalition of Indian tribes, social justice advocates, teachers, parents, homelessness and mental health advocates, business leaders, public safety and labor unions s ‘all strongly oppose Proposition 27,’ Kathy Fairbanks, a spokeswoman for the Yes on 26 and No on 27 campaigns, said ESPN in a statement. “The measure would legalize a massive expansion of online gaming that would turn every cellphone, laptop, game console and tablet into a gaming device. Worse still, there is no surefire way to ensure that children don’t gamble online.-state gaming corporations funding Proposition 27 have written it to take 90% of state profits, leaving little to California.We’re confident voters will reject this misleading and dangerous measure in November.
Chris Gove, a sports betting investor and partner at consulting firm Eilers & Krejcik Gaming, estimates that a mature online sports betting market in California could generate up to $3 billion in annual revenue. By comparison, industry trade publication VIXIO Gambling Compliance estimates that retail sports betting would generate $356 million in annual gross revenue by year five.