California ballot measures: Corporations spent big money, came up empty

Corporations and political parties spent a record amount on California ballot measures. Voters rejected four of the seven ballot initiatives. The losing measures were the most expensive state contests. Most expensive was Propositions 26 and 27, dueling measures to legalize forms of sports gambling. Both propositions were defeated by at least 40 points. The gaming industry and its partners pumped nearly $220 million into the campaign for Prop. 26. Native American tribes and their allies poured about $250 million for the push for Proposal 27. It is the only campaign in the U.S. in which more money has been spent on single contests than the presidential elections.