Whether Calif. ever embraces sports betting, Las Vegas sportsbooks should retain pull
Voters in California rejected two sports betting ballot measures earlier this month. Oddsmaker Jay Kornegay believes his sportsbook will have a presence in the state one day.
A recent California ballot measure against legal sports betting was soundly rejected. About $460 million was spent on the proposition. Over 30 states now allow sports gambling. Las Vegas has a legal gambling advantage. In 2019, Las Las drew over 42 million visitors. The city's convention and tourism bureau reports that it drew 42. million people in 2019. In recent years, legalized sports betting has proliferated across the country. Some people were concerned it would hurt Las Nevada. However, experts say it might have helped the efforts of the proponents of both propositions.
