PlayToday.co
  • Home
  • Resources
    • Infographics
    • Stats & Facts
    • Guides
  • News
  • About Us
  • Contact Us
PlayToday.co
  • Home
  • Resources
    • Infographics
    • Stats & Facts
    • Guides
  • News
  • About Us
  • Contact Us

Californians Will Vote on Sports Betting in 2023

  • Last Update: March 9, 2023
  • 2 minute read
Californians Will Vote on Sports Betting in 2022
Image by bianca-stock-photos from Pixabay

In November 2022, California citizens will have the opportunity to vote on legalizing sports betting. An initiative by the state’s Native American Tribes collected enough signatures to put the bill on the ballot.

The bill calls for sports betting in-person to be allowed only in one of the state’s Native American-owned casinos and state-licensed racetracks, and only for people over 21. 

People would be able to bet on professional teams, with the state being home to some of the most valuable teams in the US, as well as out-of-state college games, and amateur sporting events. However, this doesn’t include high school games or events that involve California college teams.

Online betting is not the only thing included in the bill — roulette and craps would also be allowed. 

The online gambling industry is expected to reach over $100 billion by 2026, and allowing online gambling would earn the State of California about $3 billion. Current estimates are for $1 billion without online gambling.

Moreover, many critics are pointing out that California is late to the game. Many states have approved sports betting laws since it was legalized in 2018.

Those states have generated $3.2 billion in revenue and have collected about $534 million in taxes. Pennsylvania leads the way with $134 million in tax revenue, followed by New Jersey with $132 million, and Nevada with $61 million.

The measure will allow California to impose a 10% tax on gross revenue. The money would go to public safety, mental health programs, education, and regulatory costs. 

There is still plenty of time until November 2022, and there is a lot of opportunity and potential in California, the largest state and market in the US.

Share
Tweet
Share
Chavdar Vasilev

After earning his business administration degree in Miami, Florida, Chavdar spent years managing multi-million-dollar eateries. He enjoys writing user guides and training materials, as well as leading new projects. In his spare time, Chavdar loves researching and reading about sports (especially soccer), fitness, health, and travel. Discovering new cultures and people is a personal passion. One day, he hopes to visit all the countries in the world and write about it.

You May Also Like
Best Poker Training Sites and Courses: Poker cards and chips.
View Post

Best Poker Training Sites and Courses in 2023

  • Last Update: March 20, 2023
The cost of creating an NFT
View Post

How much does it cost to create an NFT?

  • Last Update: February 16, 2023
Lucky-Block
View Post

Is Lucky Block Crypto Legit: What You Need to Know

  • Last Update: February 16, 2023
How to Bet on Baseball featured image PlayToday
View Post

How To Bet on Baseball: Bet Types, Tips, and Mistakes To Avoid

  • Last Update: December 15, 2022
what are penny slots featured image playtoday
View Post

What Are Penny Slots? Beginner’s Guide to Low-Stake Gambling

  • Last Update: December 15, 2022
golf terms featured image playtoday
View Post

Golf Terms: Master the Language of the Game

  • Last Update: December 13, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

Latest Posts
  • Best Poker Training Sites and Courses: Poker cards and chips.
    Best Poker Training Sites and Courses in 2023
    • Last Update: 20.03.23
  • The cost of creating an NFT
    How much does it cost to create an NFT?
    • Last Update: February 16, 2023
  • Lucky-Block
    Is Lucky Block Crypto Legit: What You Need to Know
    • Last Update: February 16, 2023
  • How to Bet on Baseball featured image PlayToday
    How To Bet on Baseball: Bet Types, Tips, and Mistakes To Avoid
    • Last Update: December 15, 2022
  • what are penny slots featured image playtoday
    What Are Penny Slots? Beginner’s Guide to Low-Stake Gambling
    • Last Update: December 15, 2022
Keep in Touch
PlayToday.co
  • About Us
  • Contact Us
  • Affiliate Disclosure
  • Privacy & Cookie Policy
  • Terms of Use
©2022 PlayToday.co – All Rights Reserved.
bga 18+

Input your search keywords and press Enter.