by Michael Molter | Sep 14, 2022 12:34 pm | Legal
Prop 27 would send 85% of sports betting revenue to the California Solutions to Homelessness and Mental Health Support Account. Prop 26 supports homelessness in California with 70% heading to the state’s general fund. Both measures would bring money to combat...
by Michael Molter | Sep 8, 2022 11:16 am | Revenue
States like Colorado have explicit instructions on where sports betting taxes go. Other states just link all sports betting taxes to their general fund. This includes funding for education programs, infrastructure, and problem gambling help. LAS VEGAS – Since...
by Michael Molter | Aug 31, 2022 10:49 am | Revenue
Pennsylvania, Illinois, New York and New Jersey have contributed over $1 billion to local governments from sports betting taxes. Nevada sports bettors hold the best win rate (5.65%), while Montana sportsbooks see bettors lose at the US’s worst rate (13.5%)....
by Ben Fiore | Aug 17, 2022 11:12 am | Sports Betting
The MLB has come out as an official supporter of Prop 27 in California, which would legalize online sports betting and is the first league to take a side on either bill. With partnerships with sportsbooks operators already, Prop 26 would not allow the MLB to see those...
by Ben Fiore | Aug 12, 2022 1:01 pm | Legal
Prop 26 and Prop 27 have each received over $150 million in support for their opposite sports betting proposals for the 2022 Ballot. There have been educational organizations against Prop 27 (online betting) and working-class originations against Prop 26 (retail...
