Eagle1 Acquisitions, backers of the proposition to bring legalised sports wagering to California, has submitted amendments to its Sports Wagering Regulation & Tribal Gaming Protection Act to the state’s Attorney General.
The amendments are based on feedback Eagle1 received from tribal leadership, out-of-state operators, regulators and other stakeholders, and are part of an effort to make the proposition more appealing and beneficial to California tribes.
The amendments include increasing tribal revenue shares, removal after two years of the requirement for in-person registration by those outside of a 10-mile radius from a casino offering online gaming, taxation of promotional gaming credits after five years, improved ability for tribes to become their own affiliates and inclusion of comments from land-based and out-of-state operators and regulators.
California has the potential to be the largest legalised sports betting market in the entire US and the Sports Wagering Regulation & Tribal Gaming Protection Act will regulate put control of online and in-person California sports betting in the hands of tribes and provide a fair and competitive sports betting environment for Californians.
Kasey Thompson, partner at Eagle1 Acquisitions and an architect of the proposition, says: “We took a proposal that had the support of more than 70 tribes and was one of the most tribal-focused propositions ever, made amendments based on tribal and regulator feedback and updated it for today’s legal landscape.
“What we are trying to do is create something that works for everyone. Tribal support is paramount to the success of this effort, and we will not put it on the ballot without approval from a majority of the tribes.”