Allows Online and Mobile Sports Wagering Outside Tribal Lands
initiative constitutional amendment and statute
Official Summary
Legalizes online and mobile sports wagering for persons 21 years and older.
Such wagering may be offered only by federally recognized Indian tribes and eligible businesses that contract with them.
Individuals placing bets must be in California and not located on tribal lands.
Requires licensing fees and imposes 10% tax on sports-wagering revenues.
Directs tax and licensing revenues first to regulatory costs, then remainder to homelessness programs (85%) and nonparticipating tribes (15%).
Specifies licensing, regulatory, consumer-protection, and betting-integrity standards for sports wagering.
Fiscal Impact: Increased state revenues, possibly in the hundreds of millions of dollars but likely not more than $500 million annually, from sports betting payments and penalties. Some of these revenues would be a shift from existing state revenues.
Increased state costs to regulate online sports betting, possibly reaching the mid-tens of millions of dollars annually. Some or all of these costs would be offset by the increased revenues.
support: $169,248,331
oppose: $214,617,866