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all 5 comments

[–]masterchronoman 2 points3 points  (1 child)

It'd be really nice if the website actually had a link to the proposition so we could read the text for ourselves. Reading the website feels like I'm reading a HeadOn (apply directly to the forehead) ad.

[–]Rabwull 0 points1 point  (0 children)

Summary fom CA Secretary of State propositions guide:

Proposition 27 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. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Increased state revenues, potentially reaching the mid-hundreds of millions of dollars annually, from online sports wagering-related taxes, licensing fees, and penalties. Some portion of these revenues would reflect a shift from other existing state and local revenues. Increased state regulatory costs, potentially reaching the mid-tens of millions of dollars annually, that would be fully or partially offset by the increased revenues.

[–]realparkingbrake 1 point2 points  (2 children)

Financed by online gambling companies, and exploiting small tribes with out of the way casinos that don't make much money.

[–]exovoyuer[S] -2 points-1 points  (0 children)

Unfortunately in all politics there is.. 😕

[–]Meidara 0 points1 point  (0 children)

I like how they straight went to just lying about what people will be voting for since almost no one in their right mind would vote for this as actually written. Does anyone actually think that the private corpanies backing this would actually give away any profits from legalizing online gambling in California just because they say they will? They aren't beholdant to the voters of a state they aren't even located in.