Last updated on August 14th, 2022 at 12:14 am
Caesars Entertainment remained neutral as other sportsbook operators fought against the Tribes in the California sports betting battle. The fight is about two opposing sports wagering measures up for votes on the November ballot.
Proposition 26 will allow retail sportsbooks. Also, it has the support of tribal casinos. On the other hand, Proposition 27 will allow mobile sports betting in the state. Again, it has the backing of sportsbook operators, including DraftKings and FanDuel. However, missing from the list is Caesars Entertainment.
According to sportsbook pay per head sources, the current sports betting debate is similar to the failed attempt to legalize online betting last decade. Also, Caesars would be the big winner of the battle despite being on the sidelines.
California Sports Betting Battle
Caesars has deals with two tribal casinos in California. That’s a good reason for not engaging in the sports betting debate. However, that doesn’t mean the gambling company would not be part of the industry should either of the measure passes.
According to bookie PPH reports, Caesars operates Harrah’s in San Diego for the Rincon Band of Luiseno Indians. Additionally, it operates Harrah’s in Northern California for the Buena Vista Rancheria Band of Me-Wuk Indians.
If the Tribes’ sports betting measure passes, Caesars can open a sportsbook connected with either casino. Also, Caesars is currently operating sportsbooks for tribes in Arizona and North Carolina.
Caesars is one of the top sportsbook companies based on their revenue. If Proposition 27 passes, mobile sportsbook operators can launch their apps in California in partnership with tribal casinos. Thus, operators need a casino partnership as a way how to be a bookmaker in the state.
In addition, Caesars’ neutral stance is saving the company money. Sportsbook operators and tribes spent around $365 million to lobby for their measures.
