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California¡¯s legalized sports betting has two propositions on the ballot. Proposition 26 will allow only casinos and four race tracks owned by Native American tribes to allow in-person gambling. Native American tribes, who currently have the sole legal rights for gambling in California, are financially backing this proposition. Proposition 27 would legalize mobile sports betting statewide and has funding from sportsbook companies including DraftKings and FanDuel as well as Major League Baseball. A third group is opposed to any legalizing sports betting.
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In a recent note, they observed that online casino revenue in the United States in the six states mentioned above has hit a plateau. But they believe it¡¯s merely a pause, as evidenced by the words of Rush Street Interactive CEO Richard Schwartz, who, during the company¡¯s most recent earnings call, said, ¡°All of our peers, whether it¡¯s large land-based casinos or sportsbook-first DFS companies, they are all aligned around funding, not just supporting verbally, but really putting some money to work to lobby for iGaming legislation for the first time really in the history of this industry in the U.S. market.¡±
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Rams wideout Cooper Kupp to score a touchdown and have more than 60 receiving yards,