The ballot measure would legalize and regulate online and in-person sports betting in California by federally recognized tribes
1933. (21-0039A1)
ALLOWS IN-PERSON AND ONLINE SPORTS WAGERING AND OTHER NEW TYPES OF GAMBLING
PAC
Not publicized
Signatures reached
(est. April 2022)
500000
Proponents
Bo Mazzetti, Jesus Tarango, Ken Ramirez
Topic
Business
Type
INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE
Circulation Deadline
07/11/22
Official Text
Petition Summary
Legalizes in-person sports wagering, roulette, and dice games on tribal lands, and online sports wagering statewide, if operated by federally recognized Indian tribes under (1) compacts approved by Legislature, (2) the model compact approved by this measure, or (3) laws enacted by this measure and state regulations approved by tribal representatives. Sports wagering limited to persons 21 and older. Directs 15% of sports-wagering profits to nonparticipating tribes and 10% first to regulatory costs and then to homelessness/mental-health program
Fiscal Impact
Increased state revenues that could range from the tens of millions of dollars to the mid-hundreds of millions of dollars annually, depending on how the measure is implemented and legally interpreted. Some portion of these revenues would reflect a shift from other existing state and local revenues. Increased state regulatory costs, potentially in the low- to mid-tens of millions of dollars annually. Some or all of these costs would be offset by the increased revenue or reimbursements to the state
Regulation:
California Gambling Law Regulations
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