How Lucrative Would Tribal Mobile Sports Betting Proposal Be In California?
A California legislative analysis dated Monday revealed that a proposal for statewide mobile sports wagering put forth by a coalition of tribes may not be as profitable for the state as another proposed initiative.
The tribes’ proposal, called The Age-Verified Tribal On-Line and In-Person Sports Wagering & Homelessness Solutions Act, calls for 10% of gross gaming revenue to be earmarked for the California Homelessness and Mental Health Fund (CHMHF). According to the legislative analysis, that could amount to anywhere from “tens of millions of dollars to mid-hundreds of millions of dollars,” if the tribes could be compelled to make payments at all.
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