This could potentially make California the largest legalized sports betting market in the US, with annual wagers estimated to reach $60 billion and revenue $3 billion. If approved, the Act would grant tribes exclusive rights to offer retail and online betting. The Act needs to secure more support from tribes, out-of-state operators, regulators, and other stakeholders. The next steps involve legislative hearings and a public vote.Removing the requirement for in-person online gambling registration for those outside of a 10-mile radius from a casino after two years.Increasing the sports betting Gross Gaming Revenue (GGR) contributions to the tribal wagering revenue sharing trust fund from 15% to 25%.Increasing the income to revenue share for tribes.

Delaying the start of sports wagering until July 1, 2025.

The Act underwent several amendments to gain further tribal support. It entrusts tribal governments with the primary responsibility for conducting casino-style gaming. The Act is designed to promote tribal economic development, tribal self-sufficiency, and strong tribal governments. The Act amends a section of the California Constitution, adds sections to the Business and Professions Code and Government Code, and provides for a Model Form Sports Wagering Compact Amendment that tribes may elect to adopt consistent with terms of this measure. The Act is also known as Initiative 23-0030 Amdt.

The Sports Wagering Regulation and Tribal Gaming Protection Act, a ballot initiative filed with the state’s attorney-general, is making waves as it seeks to redefine the landscape of sports betting in the state. In the last few weeks, there have been significant developments regarding possible regulation of sportsbooks in the state of California. If approved, the Act would grant tribes exclusive rights to offer retail and online betting in what would likely become the largest sports betting market in the US. The Sports Wagering Regulation and Tribal Gaming Protection Act, a ballot initiative, underwent a few important amendments and needs to gather 875,000 signatures in 180 days to appear on the November 2024 ballot.

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