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News out of California

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  • News out of California

    Just in: Voter initiative to legalize sports betting in California was just filed with the state Attorney General on Monday. Voter group, aptly named “Californians for Sports Betting,” seeks to place the initiative on the November 2020 ballot.

  • #2
    Re: news out of California

    Why wait so long? Pot biz doing well?

    Comment


    • #3
      Re: news out of California

      No, the pot biz is not nearly up to forecasted revenues, taxed too much, so the local dealers still are players. Indians want the sport money, voting is just a ponzi scheme of the left here in CA.

      Comment


      • #4
        Re: News out of California

        Legalized national sports betting helps promote Las Vegas and Las Vegas-style sports betting.

        Legalized sports betting in California will take a bite out of Las Vegas's pie.

        Comment


        • #5
          Re: News out of California

          Originally posted by railbird View Post
          Just in: Voter initiative to legalize sports betting in California was just filed with the state Attorney General on Monday. Voter group, aptly named “Californians for Sports Betting,” seeks to place the initiative on the November 2020 ballot.
          Nice but 2020 is too effen long. They should do it on THIS year's 2018 ballot.

          Thank God no more trips to Vegas to have to bet sports legally once this passes.
          Money lost gambling is twice as bad as money lost on something else..

          Comment


          • #6
            Re: News out of California

            Originally posted by Paleface View Post
            Nice but 2020 is too effen long. They should do it on THIS year's 2018 ballot.

            Thank God no more trips to Vegas to have to bet sports legally once this passes.
            Agree, why wait until 2020?

            It will be naïve to think that Vegas won't take a hit if Arizona and California legalize it.
            Michael Jordan isn't anywhere near as athletic as lebron James. Jordan wouldn't even be a top 20 athlete in the game right now in his prime. - Cleveland Homer Big Deemer
            -

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            • #7
              Re: News out of California

              It figures. I probably will be out of Cali within two years.

              Comment


              • #8
                Re: News out of California

                Originally posted by Paleface View Post
                Nice but 2020 is too effen long. They should do it on THIS year's 2018 ballot.

                Thank God no more trips to Vegas to have to bet sports legally once this passes.
                Originally posted by FairWarning View Post
                Agree, why wait until 2020?

                It will be naïve to think that Vegas won't take a hit if Arizona and California legalize it.
                There isn't enough time to get on the 2018 ballot.

                The initiative process has just started, California requires completion of the process 131 days before an election date to get on a particular ballot. Currently only 147 days are left till the Nov 6, 2018 general election so considering the signature gathering and verification time frames, 2018 is out.

                Comment


                • #9
                  Re: News out of California

                  Originally posted by ComptrBob View Post
                  There isn't enough time to get on the 2018 ballot.

                  The initiative process has just started, California requires completion of the process 131 days before an election date to get on a particular ballot. Currently only 147 days are left till the Nov 6, 2018 general election so considering the signature gathering and verification time frames, 2018 is out.
                  Oh that sucks.
                  Michael Jordan isn't anywhere near as athletic as lebron James. Jordan wouldn't even be a top 20 athlete in the game right now in his prime. - Cleveland Homer Big Deemer
                  -

                  Comment


                  • #10
                    Re: News out of California

                    Slots rule in CA. If the hold percentages were comprable they would have had it on by the end of June deadline. Even the greedy Indians have said that sports betting is more of a hassle than a pot of gold. They know the numbers.
                    The art of learning is learning who to ignore ~LeAnn Rimes

                    Comment


                    • #11
                      Re: News out of California

                      Originally posted by Heim View Post
                      Slots rule in CA. If the hold percentages were comprable they would have had it on by the end of June deadline. Even the greedy Indians have said that sports betting is more of a hassle than a pot of gold. They know the numbers.

                      The greedy Indians are missing the big picture.

                      If others offer sports betting and you don't, it's a competitive disadvantage.

                      That's why every hotel/casino in Las Vegas offers sports betting.

                      Comment


                      • #12
                        Re: News out of California

                        Originally posted by John Kelly View Post
                        The greedy Indians are missing the big picture.

                        If others offer sports betting and you don't, it's a competitive disadvantage.

                        That's why every hotel/casino in Las Vegas offers sports betting.

                        Let's assume Vegas was also a slots and table game venue only like the reservations. Would they rush to get books onto their floors with this new ruling? Aren't the books in Vegas a vehicle to keep the whales on their property? Just a courtesy so they don't elsewhere. Ballys stop booking baseball a few years back and their bottom-line barely flinched.

                        The Stardust made bookmaking vogue but the celebs that went their to bet sports dropped tons at the tables too. We know that 4.5% is easier to beat than most games around but so do the books. Westgate is the only hotel I know that moved slots to expand a book. So I think we're kidding ourselves believing anyone besides New Jersey is doing cartwheels re this recent ruling....
                        The art of learning is learning who to ignore ~LeAnn Rimes

                        Comment


                        • #13
                          Re: News out of California

                          The Stardust was smart in promoting its property through the sports book.

                          The Westgate, under Jay Kornegay's direction, followed suit.

                          Heim knows the history.

                          Sports betting is an appetizer or maybe a dessert but it will never be the main course (tables and slots).

                          Corporate meetings at the big-name resorts rarely deal with the sports book except for Super Bowl week, March Madness or a mega-fight.

                          Comment


                          • #14
                            Re: News out of California

                            is there any non indian casino's in calif ?

                            Comment


                            • #15
                              Re: News out of California

                              Originally posted by MrTop View Post
                              is there any non indian casino's in calif ?
                              Card clubs are not considered casinos in California.

                              Comment

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