Grace Gedye, CalMatters
Grace covers California’s economy for CalMatters. Previously, she was an editor at the Washington Monthly. She is a graduate of Pomona College.
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The election results are in: Voters resoundingly rejected Propositions 26 and 27. But that doesn’t end the debate over California sports betting, as those behind the ballot measures figure out their next steps.
The advertising campaigns for Propositions 26 and 27 on the November general election ballot have made a wide variety of claims, especially about how the money gleaned from sports betting in California will get distributed to tribes, corporate interests and homeless causes. Here's how those claims stack up.
A pitched battle between gaming companies, tribes, card rooms and others has broken campaign cash records and has landed two separate initiatives to legalize sports betting on the November 2022 ballot: Prop 26 (at tribal casinos) and Prop 27 (online). Here's what you need to know about gambling in California, including racetracks and the lottery.
There’s a good chance that two initiatives to legalize sports betting will appear on the November ballot. If both pass, they might both go into effect or the result could be decided in court, depending on which one gets more yes votes.
Gov. Gavin Newsom proposed pausing tax increase on gas sellers and Republican state lawmakers have pushed for suspending the tax entirely in the short term. Those plans would likely reduce the price of gas, but it’s not clear by how much. This week Newsom teased a possible rebate to deal with gas prices.
California has almost $20 billion of debt from the surge in unemployment claims during the pandemic, more than any other state. One reason is California’s higher unemployment rate; another is that employer taxes haven’t kept up with increasing benefits. Now, employers will see an automatic tax increase to start paying off the debt, and Newsom has proposed spending $3 billion in state funds to reduce the debt.