Future of Sports Betting Legalization in California
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SportsTranscript
00:00 (upbeat music)
00:02 - So I guess I would ask how realistic is 2025?
00:08 And is there even a shot down the line
00:11 that we see sports betting legalized in California?
00:14 - Yeah, Craig, so 2025 is a no,
00:17 2026 maybe we're too far away.
00:19 We just have to waste five months where,
00:21 you know, once again, an outsider comes in, right?
00:23 Last time it was FanDuel DraftKings,
00:24 Prop 27 came in, defeated by the tribes.
00:27 Now you had Casey Thompson and Reeve Collins
00:28 to kind of venture capitalists come in,
00:30 wanna do this, you know, around the tribes,
00:33 you just can't do it.
00:34 The tribes have to lead it.
00:35 They don't seem to be any hurry.
00:37 I think you could, you know, maybe look at 26,
00:39 but maybe it's more like 2028, 2030,
00:42 we've heard as well, you know, later than that.
00:44 So the tribes have to be the ones to push this thing.
00:46 It might be in-person first,
00:48 given they have the tribal casinos,
00:50 and might wanna, you know,
00:51 generate that kind of business first,
00:52 and then go to online in the next cycle.
00:54 So yeah, we're a long ways away here, Craig.
00:56 That's the bottom line.
00:58 And kind of we'll see where this goes from here.
01:00 And, you know, the tribes need to be the ones to push it.
01:03 (upbeat music)
01:05 (bells chiming)