WATCH THIS: How California's Prop 27 Will Change the Future of Sports Betting

💎 WATCH THIS: How California's Prop 27 Will Change the Future of Sports Betting || Wolf of Mainstreet ⭐

There’s a war coming. Between new money and old money. Between the tribes that run casinos in California and online sports gambling upstarts like Draft Kings and Fan Duel.... it’s also happening during the worst time of the year. I’m talking about voting season. That time when every other commercial you see is about some convoluted ballot initiative.

And although it can feel overwhelming, it’s important to do your own research. These ballots shape the futures of entire industries. So, when a ballot initiative comes along that is projected to be the most expensive in California’s history, we should pay close attention. And for anyone living in the other 49 states this is important for you too.

The saying is true “As California goes, so goes the rest of the country!” And this November voters will be deciding on Prop 26 and Prop 27. They provide competing visions on the future of sports betting in the golden state. It’s so consequential to the industry, they’re spending $300 million in advertisements to get your vote.

It's no wonder. There's a lot of money to be made and lost. The legal sports betting market has boomed. In 2020 sports gambling revenue reached $1.5 billion dollars. And when the NFL got onboard and allowed sports gambling ads, revenue almost tripled to $4.3 billion in 2021. Draft Kings, the biggest player on the field, estimated that there are 50 million bettors in the United States. That’s 1 in 7 Americans! And recently online gambling received a boost from Major League Baseball. They recently officially endorsed Prop 27.

Sports gambling companies like FanDuel and Draft Kings of course want to expand their market to the biggest state in the union.

And that’s where Prop 27 comes in. Its officially called “The California Solutions to Homeless and Mental Health Act”. It promises to raise tax revenue for the golden state’s homeless crisis. But honestly, it’s all about legalizing online sports betting in California.

And it has MULTI-DECADE, industry-changing implications for sports betting! Find out how in this video.

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