California sports betting voting is coming closer
The newspaper the Los Angeles Times compiled a new survey to see where the voters of California stand. The survey compiled the opinions of 6,939 likely California voters.
Before we get to the results, here are explanations of each proposition:
Proposition 26 allows in-person sports betting at racetracks and tribal casinos. It requires that racetracks and casinos that offer sports betting make certain payments to the state. Additionally, the proposition also allows other gambling—such as roulette—at tribal casinos.
Proposition 27 allows tribes or gambling companies to offer online sports betting. It requires tribes and online sports betting providers to make payments to the state for specific purposes. This includes supporting state regulatory costs and addressing homelessness.
Results of the survey
- 31% would support the tribal-backed Proposition 26. It allows in-person sports betting at tribal casinos and racetracks. 42% of survey participants said they would oppose the ballot initiative.
- For proposition 27, which would allow sports betting online, just 27% of voters said they would support the ballot. 53% who said they would oppose it.
As per LA Times, a combined $410m has been spent on advertising by the competing initiatives, which go to the polls on November 7. The spending has seen Californians deluged with TV, radio, and online ads, as well as both above and below-the-line marketing. Wading into this, the IGS said that according to their data, a voter’s exposure to advertisements about the two initiatives “appears to be a factor” in the decline in support.
“Voters who say they have seen lots of ads about proposition 26 and 27 voted no by wide margins, while those who have seen little or no ads are about evenly divided,” it noted. “There is a gender gap in views about Prop. 26, with women opposed nearly two to one while men are divided. Age also plays a role, with voters under age 40 supporting the initiative while those aged 65 or older are opposed nearly three to one,” it added.
In comments reported by the LA Times, Berkeley IGS poll director Mark DiCamillo offered his opinion on the widespread opposition to the competing ballot bids. “I think it’s the negative advertisements that have kind of been turning voters away,” DiCamillo said. “People who haven’t seen the ads are about evenly divided, but people who’ve seen a lot of ads are against it. So, the advertising is not helping,” he added.
PointsBet partners up with technology supplier 1/ST TECHNOLOGY
Sports betting operator signs a deal with Stronach Group subsidiary, which includes US horseracing wagering app launch. Both have agreed on a broad-based partnership that will see the former launch a “one-of-a-kind” horseracing betting product in the US.
The deal states that PointsBet and 1/ST Technology will work together to launch an online horseracing wagering app in US jurisdictions where ADW is permitted. In return, customers of 1/ST TECHNOLOGY’s customer-facing brands, Xpressbet and 1/ST BET will be cross-sold into PointsBet’s sports betting and igaming products.
Both companies stated that the agreement encompasses a wide range of services and synergies across the companies. They will deliver a fully integrated, white-label horserace betting experience to PointsBet customers.
“The partnership marks the first time in the United States that a tier-one sports betting company and horseracing company have aligned to power an independently owned and licensed ADW operator,” they added. ADW is currently available in 39 states, several of which have formally legalized online horseracing betting, while others merely tolerate it due to a lack of laws addressing ADW bets.
PointsBet currently operates in Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, New Jersey, New York, Pennsylvania, West Virginia, and Virginia. PointsBet group CEO Sam Swannell shared, “Today marks a pivotal moment in the evolution of our US expansion strategy,” Swannell said. “Horseracing has a unique role to play alongside sports betting in the United States, and despite already generating over $6.5bn per annum in the industry online handle, we consider it an attractive category on the cusp of further expansion on the back of the ongoing shift from brick and mortar to digital.”
PENN Entertainment and Kambi divorce deal
PE and Kambi Group have inked a settlement agreement worth $27.5m (£24.2m). PENN is migrating the sportsbook away from the technology supplier’s software platform. Under the terms of the multi-million-dollar agreement, it will happen during Q3 2023. The retail sportsbook will move from the platform to PENN’s in-house proprietary technology in 2024.
They partnered up in July 2019. Since then, PENN and Kambi have launched operations together in 15 US states. This includes 13 online launches and 25 retail properties, leveraging the exponential growth of US sports betting regulation since 2018.
In an interview with EGR in October 2021, Kambi Group CEO Kristian Nylen branded the move a “frustrating” one. The firm had not built the proprietary technology platform at the time of the announcement. Despite ostensibly ending their relationship, PENN Entertainment CEO Jay Snowden paid tribute to the supplier. “Kambi has been a topflight supplier to PENN in our digital evolution,” Snowden said. “Kambi’s high-quality technology and services have empowered PENN as we pursued our differentiated sports betting strategy. I’m pleased to have secured our partnership to ensure a seamless transition for both companies,” he added.
Kambi Group CEO and co-founder Kristian Nylén added: “This agreement sets out the continued collaboration between the two parties over the coming years, one which secures certain ongoing revenue for Kambi over the transition period. “Furthermore, the terms also provide Kambi with additional protections with regard to our data and intellectual property,” Nylén concluded.
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