In November 2022, CA Voters Get to Decide on Legalizing Sports Betting in the State Why Solana Beach Seeks to Remove Del Mar Fairgrounds as a Sports Betting Location Legal Sports Betting is an Untapped Revenue Source in California
Best Bonus in Your State Here!
In November 2022, CA Voters Get to Decide on Legalizing Sports Betting in the State
There is an ongoing sport betting battle happening in the San Diego area of California between residents of Solana Beach, a coastal city with about 13,000 residents, and the Del Mar Fairgrounds, a 370-acre event venue that wants to allow sports gambling on its grounds.
The political clash started last September when the 22nd District Agricultural Association (aka 2nd DAA aka Del Mar fair board) voted unanimously to let California voters decide this November whether they want to engage in legal sports betting whenever they are at the fairgrounds. This would permit them to wager on all pro teams, including the MLB’s San Diego Padres and IFL’s San Diego Strike Force. If the voters approve the regulation and taxation of a legal betting market for sports in California, this will allow them to do so.
This move is likely to happen given the rapid growth of legal sports betting in the United States. There are now over 30 states that have their own regulated markets and many more to follow.
Some Californians find the concept of sports betting at Del Mar Fairgrounds unacceptable.
Why Solana Beach Seeks to Remove Del Mar Fairgrounds as a Sports Betting Location
Solana Beach is a quiet oceanside city whose 13,000 residents enjoy the more than 85 art galleries, import and antique stores, boutiques, and cafes their city features, but they are convinced that adding sports betting to the nearby Del Mar Fairgrounds will ruin their good times. The reasons they listed in the petition for injunction they filed back in March were increased traffic, noise and litter. This is a result of living close to San Diego County Fairgrounds and other similar events.
Part of the petition reads:
The district’s action will result in the expansion and redevelopment of existing facilities and a significant increase in activities and attendance at the fairgrounds, which will result in significant adverse effects on environmental resources and residents in the surrounding areas.
What it does not mention is the increased revenue that all those “surrounding areas” could soon enjoy.
Legal Sports Betting is an Untapped Revenue Source in California
California is one of the final holdouts when it comes to legalizing sports betting for its residents, so far happy to allow them to place wagers in nearby Nevada or Oregon where that activity has already been made legal for residents there.
Some sports betting industry insiders have projected California generating a $30 billion annual handle, meaning total overall wagers in a year, money that could be taxed anywhere from the 6. 75% to 51% those other 30+ states are now charging the sportsbooks who operate there.
Solana Beach could also benefit financially from this new market. The increased fair-goers and more tourists spending at the many artsy venues in the seaside town would be a boon.
This local fight should continue until November. However, all sides will be fighting to make their voices heard. But, the chances are that the voters will prevail and, after looking at how sports betting has been faring in the U.S.A, will most likely want to join the fun.
Best Bonus in Your State