Posts Tagged: wagering

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Pandemic raises stakes on sports gambling measure

Accessing an online sports betting site. (Photo: wavebreakmedia, via Shutterstock)

For the last two years, the legalization of sports wagering in California seemed like a sucker’s bet. A proposed constitutional amendment in the Assembly went nowhere with lawmakers in 2019, and a similar proposal this year was hardly sprinting ahead like Secretariat.  But with the sudden onset of the coronavirus playing havoc with both ballot measures and the state budget, it might be game-on for legalized sports gambling in 2020 after all.

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All bets are on: Sports wagering on the table

It’s a safe bet that legalized sports wagering will be an important issue this year in California.

 

There’s a lot more than table stakes in play: In neighboring Nevada, where sports betting is currently legal, fans bet a record $98.9 million on the 49ers-Ravens Super Bowl game. That’s a hefty piece of change.

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