Proposition 26, supported by some of the state’s largest tribal casino owners, would permit sports betting, but only within existing brick-and-mortar establishments that already offer gambling and at horse-racing venues. Although neither appears to have strong public support, gambling addiction experts are worried about one far more than the other. It’s little surprise, then, that voters will face not one but two ballot propositions this fall aimed at capturing California’s sports betting market. At stake is $3.1 billion in annual revenue, according to one industry consulting firm. Supreme Court ruled in 2018 that states could legalize betting on sports, California - with 40 million people and numerous professional teams - has been the great white whale, eluding gambling companies and casino-hosting tribal communities.
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