What is Prop 27? Explaining California's online sports gambling bill

Summarized by: Live Sports Direct
 
What is Prop 27? Explaining California's online sports gambling bill

There's been a lot of money spent on Proposition 27.

Prop 27 would allow adults 21 and older to bet on sports in California. It would be a good idea for DraftKings and FanDuel to make deals with Native American tribes. The tribes and gaming companies would have to pay taxes to the state. A large chunk of that money would go to homeless services, affordable housing and support for the tribes, which are not involved in sports gambling. The $100 million license fee is seen as a hurdle for smaller operations. If Prop 27 passes, it will be good for California and for Native Americans. They would get more money for homeless programs and gambling addictions.

Both Prop 26 and Prop 27 are likely to fail. The election is on November 8. All registered voters in California will be mailed a ballot 29 days before the election. The study is co-sponsored by the Los Angeles Times. It is expected to quiet down as the November election approaches. Ballots are expected sent out 29 Days before Nov. 8th.


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