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CA Proprosition 27: Legalize Sports Betting and Revenue for Homelessness Prevention Fund
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| Parents |
> United States > California > Propositions > 2022 Referendums > Prop 27: Legalize Sports Betting and Revenue for Homelessness Prevention Fund
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| Office | Referendum |
| Honorific | Referendum - Abbr: |
| Type | Referendum |
| Filing Deadline | May 01, 2022 - 12:00am Central |
| Polls Open | November 08, 2022 - 09:00am Central |
| Polls Close | November 08, 2022 - 10:00pm Central |
| Term Start | November 09, 2022 - 12:00pm |
| Term End | December 31, 9999 - 11:55pm |
| Contributor | Mr. Matt |
| Last Modified | RBH December 17, 2022 01:19pm |
| Data Sources | [Link] |
| Description |
Allows Online and Mobile Sports Wagering. Initiative Constitutional Amendment and Statute
Legalizes online and mobile sports wagering, which currently is prohibited, for persons 21 years and older. Such wagering may be offered only by federally recognized Indian tribes and eligible businesses that contract with them. Individuals placing bets must be in California and not located on Indian lands. Imposes 10% tax on sports-wagering revenues and licensing fees. Directs tax and licensing revenues first to regulatory costs, then remainder to: 85% to homelessness programs; 15% to nonparticipating tribes. Specifies licensing, regulatory, consumer-protection, and betting-integrity standards for sports wagering.
[Link]
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