How will the sports betting offered by California affect the state’s Indian casinos?
On November 8, 2022, California voters will be asked if they want to legalize sports betting at Indian gambling casinos and state-licensed racetracks.
The Federated Indians of Graton Rancheria, which owns the Graton Resort & Casino in Sonoma County, is one of the top five donors to the campaign which raised $ 11.78 million, according to BallotPedia. Graton Rancheria donated $ 1.7 million to the cause.
The ballot measure would include the addition of roulette, craps and other dice games at tribal gambling establishments. Amendments to the state pact of each tribe should be drafted to allow for additional game offers.
Sports betting is allowed outside of Nevada because in 2018 the United States Supreme Court struck down the federal ban.
States have jumped on it, 32 allowing sports betting. Six approved the online games.
Regardless of the voters’ decision, another element that all casinos will have to contend with is online or mobile gambling. This is where the younger generations gravitate.
âWe know that slots and some other gaming devices tend to favor older customers. We don’t think young customers are interested in these games, âsaid Kathryn Rand, co-director of the Institute for the Study of Tribal Gaming Law and Policy at the University of North Dakota. “We are seeing younger customers interested in mobile games, sports betting and skill games, so games where they can win based on something other than the typical random number generator in the game.”
Anthony Lucas, professor of casino management at the University of Nevada in Las Vegas who has developed award-winning research on the business aspects of the global gaming industry, acknowledged that traditional casinos feel threatened by the growth of online gaming. line and try to combat its expansion.
He believes that online games will attract a different kind of gamer, but he is certain that the social aspect provided inside an actual building will not be replaced.
Koi Nation, which is working on building a $ 600 million casino complex near Windsor in Sonoma County, is also well aware of the online trend.
âThe growth of online games reflects a greater growth trend in games in general. Online sports betting casinos are all doing well. In fact, the American Gaming Association reported that July 2021 was the most profitable month on record in the industry, and the record it broke was set in May, âsaid Darin Beltran, President of Koi Nation. . “Such trends are good news not only for the Koi Nation, but for all of our brethren who, like us, seek economic independence through our federal playing rights.”