The US midterms have wrapped up and on top of the proposed “Red wave” turning into more of a “pink splash”, there is a setback for sports betting.
The US midterms, on top of electing candidates for the next two years, allows the US public to put their vote in on various issues, which was very much at the heart of this year’s vote with topics like Roe V Wade and gun control at the forefront of various minds.
But amongst the issues put to a vote were two from California concerning sports betting. The two votes were both to legalise sports betting in the state but with different measures: Proposition 26 would have legalised sports betting on tribal land and horse racing with a 10% tax for the state gained from profits. Proposition 27 would have legalised online sports betting and would charge operators a $100m fee for a five-year licence plus a $10m renewal fee.
According to iGaming Business: “The failures of both proposals is a major setback in the expansion of sports betting in the US, which has exploded in the years since the Supreme Court ruling on Murphy vs NCAA repealed the Professional and Amateur Sports Protection Act of 1992 (PASPA), allowing sports betting to spread across the country.”
