Odds are, one of the many ads for legalizing sports betting has snagged your attention, given their ubiquity on TV, websites and billboards across California.
This claim is based on the fact that Proposition 27 taxes online sports betting at a rate of 10%. So the question is: Where exactly will the other 90% go? The truth is that it’s impossible to know precisely.
If Proposition 27 passes, gaming companies headquartered in other states will want to get in on the action, since they are the ones funding the measure. The companies bankrolling the initiative have some of the most popular online sports betting platforms: FanDuel commands 31% of the U.S. market, followed by DraftKings with 26% and BetMGM with 16%, according to Eilers & Krejcik, a research firm focused on gaming.
Does that mean those companies would reap all of the profit? The initiative also allows California tribes to offer mobile and online sports betting on their own. If tribes choose to do that, they’d be earning some of the profits. Gaming companies headquartered in other states might also wind up needing to spend money in California to do business here. For example, companies will need to make a deal with a tribe in order to legally operate, and that deal could include some kind of payment or revenue sharing. Gaming companies may also need to pay employees or contractors in California to get their business going here.The companies funding the campaign are headquartered outside California.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Prop 26 & 27: Fact checking ads for California’s sports betting propositionsThe campaigns for Propositions 26 and 27 on this November’s ballot have made a wide variety of claims, especially about how the money gleaned from sports betting in California will get distributed.…
Leer más »
Best US Sportsbook Odds Boosts and Promotions — September 28It can be tedious to go to every sportsbook and search for the best bonuses of the day. That's why every day we compiled a list of the best odds boosts and betting promotions, tucked into one neat and tidy package. Daily link 👉 Today's best boosts👇
Leer más »
California man who lived with dead roommate allegedly cashed his checksA Northern California man who lived with the body of his dead roommate for four years was charged with stealing his money by writing dozens of checks on his account, prosecutors said.
Leer más »
NorCal man who lived with dead roommate for 4 years accused of stealing his retirement checksA Northern California man who lived with the body of his dead roommate for four years was charged with stealing his money by writing dozens of checks on his account, prosecutors said.
Leer más »
Awesome footage shows a triple-booster rocket launch | Digital TrendsCheck out these cool video clips showing a recent launch of a ULA Atlas IV Heavy rocket from the Vandenberg Space Force Base in California.
Leer más »
Fact Check: Did pro-Putin TV host get mobilized into Russian army?A prominent Putin ally appeared to air grievances on live TV after supposedly receiving a conscription notice, but is the translation accurate?
Leer más »