The campaign that could bring legalized sports betting to California is the most expensive ballot-initiative fight in U.S. history at about $400 million and counting, pitting wealthy Native American tribes against online gambling companies and less-affluent tribes over what’s expected to be a multibillion-dollar marketplace.
“Both sides stand to really get rich for the long term,” said Maviglio, who is not involved in the campaign. It could become “a permanent funding source for a handful of companies -- or a handful of tribes.” and cynical about political sales pitches. And with two similar proposals on the ballot, history suggests that voters are inclined to be confused and grab the “no” lever on both.In California, gambling now is permitted on horse races, at Indian casinos, in cardrooms and the state lottery.
A rival proposal backed by many tribes, Proposition 26, would let people wager on sporting events in person at retail locations — casinos operated by tribes and the state’s four licensed horse racing tracks. A portion of a 10% tax would help pay for enforcement of gambling laws and programs to help people who have a gambling addiction. It also could open the way for roulette and dice games at tribal casinos.
Another committee seeking to defeat Proposition 27 is backed by tribes including the San Manuel Band of Mission Indians and has pulled in about $91 million. Despite the lofty claims about new income for the state, it’s not clear what the fiscal benefits might be with either proposal. its effect on revenues and costs are uncertain, in part because it’s not known how many entities would offer betting or how many people would place bets. It’s possible it could bring in hundreds of millions of dollars each year.
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