What is Prop 26? Explaining the 'other' California sports gambling initiative

There are two initiatives up for a vote during the general election next month. One of them would allow for online sports gambling in California. The other one is an alternative plan that many Native American Tribal leaders hope will have a better chance of passing.

Prop 26 would allow sports gambling in California. It's a more restrictive version of Prop 27. Prop 26 funds would be used to help with public education and community colleges. Prop. 27 would use the bulk of its funds to support homelessness programs, gambling addiction programs and provide support to tribes that don't have casinos. The initiative is backed by a number of large California tribes. They have enjoyed a near-monopoly in the state for decades. An analysis by state officials found the passage of Proposition 27 will still bring in hundreds of millions in taxes and fee revenue to the California state. If passed, Prop 25 would put more control of the gambling landscape into the hands of California's tribes, which have already enjoyed near monopoly in this area for years.

A "Yes" or "No" vote on Prop 27 means that four racetracks could offer in-person sports betting and that tribal casinos could be allowed to offer roulette and games played with dice. A "NO" means sports gambling would continue to be illegal in California. If you want to gamble on sports from your mobile device and you think the money brought in from tribes partnering with the big gaming companies will do more for the state, then Prop 26 is your friend.

Both propositions on sports gambling in California are expected to fail. The most expensive initiative in the state's history is the one on the sports betting. Four campaigns are involved in this issue. More than $500 million has been spent on this initiative. Experts say the campaign will ease up after the election. The state is expected the most lucrative gambling market in America.