Supporters of Prop 27 say the initiative would bring in hundreds of millions of dollars in tax revenue for the state. The reality, though, is that it's much more complex with a complicated web of competing interests at play - all of whom are jockeying for control over the potential multi-billion dollar sports betting industry. Prop 27 is backed by the big, out of state gaming companies. The oversimplified way of looking at it is that Prop 26 is backed by the big, Native American tribes. It would allow big gaming companies - like FanDuel and DraftKings, which are funding the initiative - to partner with tribes to allow people to place bets from anywhere, even on your phone. Prop 27 would legalize sports betting online. Prop 26 would legalize sports gambling just in person at tribal casinos and at four horse racing tracks across the state. Those are the questions at the heart of two dueling propositions on the November ballot. SAN FRANCISCO (KGO) - Should sports betting be legalized in California? And, if so, how? California groups weigh-in on Prop 26 and Prop 27, two propositions focusing on in-person and online sports betting on the November ballot.
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