Major League Baseball released a statement last week supporting CA Proposition 27, which would see online sports betting legalized in California.
As reported yesterday, spending on sports betting voting initiatives in California has usurped previous records and is expected to reach over $500 million by November 8.
Both Proposition 26 and Proposition 27 are currently being voted on, and currently bettors are none the wiser as to who will come out on top in the all-important decision that will shape the future of betting in the Sunshine State.
The inherently key part of the MLB statement reads:
“As legalized sports betting continues to grow across the country, Major League Baseball remains committed to protecting the integrity of its games and creating a safe experience for fans who wish to bet on these games.
Proposition 27––the only measure on California’s upcoming ballot that would license and regulate online sports betting––includes strong integrity provisions designed to help MLB meet those commitments. The measure, for example, (1) would require sports betting operators to notify leagues of suspicious betting activity, (2) allow leagues to propose restrictions in betting markets particularly susceptible to manipulation, and (3) would facilitate other forms of integrity-related cooperation between the state, leagues and operators.
MLB believes Prop 27 has the safeguards necessary to create a safe and responsible online sports betting market in California, a state with millions of MLB fans seeking alternatives to illegal offshore betting sites.
MLB and sports betting already go hand in hand – but will CA be any different?
MLB and its franchises continue to reap the rewards of legalized sports betting across the country, with a host of teams having partnerships with sports betting and retail books opening in stadiums across the country not only in MLB, but also in the NBA and NFL.
Although MLB has been strongly vocal in favor of online betting, tribal and state opposition remain vocal and continue to assert that CA will lose money to out-of-state businesses if it were to pass. ; with the tribes also arguing that he will break the pacts signed years ago to protect the tribes.