Both Prop 26, the tribal sports betting bill, and Prop 27, the online sports betting bill, have seen hundreds of millions of dollars contributed from pro and anti-California sports betting entities. The combined total from supporters and opposition on both sides has surpassed $500 million.
Where Is The Money Coming From?
Unsurprisingly local Native American tribes have invested heavily into this bill. Prop 26 stands to benefit local casino tribes the most as all sports betting will be done on tribal grounds, in person only.
The Agua Caliente Band of Cahuilla Indians, the Barona Band of Mission Indians, the Pechanga Band of Luiseno Indians, the Rincon Band of Luiseno Indians, the San Manuel Band of Mission Indians, the Sycuan Band of the Kumeyaay Nation, and the Yocha Dehe Wintun Nation were the biggest contributors among the tribes.
More than $109.5 million was raised surrounding Prop 26. In total there have been 50 contributors who have donated in support of the measure.
Prop 27 has seen $169.2 million raised from 23 contributors. The main contributors are commercial sportsbook giants like BetMGM, DraftKings and FanDuel. What is interesting about the total contributors surrounding Prop 27 is that the opposition has raised more funds opposing the measure than those in favor.
Enormous Opposition Spending
Approximately 93 contributors have donated $200.7 million in opposition to Prop 27. That is more than money raised in favor of Prop 27. It is also more than the money raised in support of Prop 26. In contrast, Prop 26 sees 75 contributors opposed but this has raised only $41.9 million.
The most money donated has been to the “No on 27” campaign. There is a stronger push to see voters oppose Prop 27 than those in favor of Prop 26. Local tribes are the main contributors to the “No on 27” campaign but they are not the only major force opposing the measure.
Prop 27 sees opposition from the likes of the Major Teachers Union, California Association of Counties and the California League of Cities.
In total, both opposed and in favor contributions total approximately $370 million from 116 contributors surrounding Prop 27. Prop 26 has seen a combined $151.4 million contributed both for and against its measure from 125 contributors. Sports betting in California is an expensive game.