California voters to weigh in on sports betting this week

California voters to weigh in on sports betting this week

A ballot entry in California gives voters a chance to voice their opinion on legal sports betting

A proposed $100 million sports betting initiative could soon be signed by California voters, if all goes according to plan, following an effort to open up this market in the Golden State. State residents have the opportunity to decide whether they want this initiative to become a reality or just wishful thinking.

The time limit is based on a timeline issued by the California Attorney General’s Office, which calls for certain requirements for a petition to finally be placed on the ballot. An official “circulating title and abstract” must be issued and it is expected that this will be done before the end of the week. Should it be issued on Thursday, organizers of the proposed initiative will have the opportunity to begin circulating a petition for voter signatures on the same day.

The “California Solutions to Homelessness and Mental Health Support Act,” in addition to being the only one backed by BetMGM, DraftKings, and FanDuel, is also one of three current efforts proposed on the state’s sports betting ballot for next year. If this market opens its doors, California could become the first state in the country to use its sports betting revenue funds to enhance various mental health programs and provide support for people who currently do not have a home.

The initiative has to get at least 997,139 valid signatures if it is to stand, as it would be responsible for expanding gaming. According to state law, any initiative related to sports betting requires at least that many valid signatures to qualify for the ballot. Organizers say they are quite positive and believe that, should they receive the green light, they will be able to collect the necessary signatures.

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