Will California’s Sports Betting Handle Outpace Other States?

California is the most populous state in the US, and as such, its sports betting handle could potentially be one of the highest in the nation.

There have recently been steps taken toward legalizing sports betting in California, and this could be passed as early as 2024. However, there are still many questions surrounding its potential success.

So, will California’s sports betting handle outpace other states?

How California’s Sports Betting Handle Will Compare to Other States’ Handles

California is expected to become one of the largest sports betting markets in the United States, with an estimated handle of $3.4 billion by 2024. This would make it the second-largest market behind Nevada, which currently has a handle of around $5 billion. New York opened up for sports betting “recently”, and in 2022 the state delivered a record $16.2 billion in sports bets placed.

The state’s huge population and diverse range of professional and collegiate baseball, basketball and American Football teams will likely contribute to its success in this area.

California’s proximity to other states that have already legalized sports betting could help drive more customers into the market. For example, Oregon and Washington both have legal sports betting markets that are within driving distance from California, so customers may choose to cross state lines for their wagering needs.

Incredibly, California’s handle could be even higher than projected if these neighboring states continue to draw in bettors from across the region.

Related: https://dailybruin.com/2023/05/08/sports-betting-technology-16694/

The Sports Available to Bet on in California

In California, sports betting currently remains illegal, so there are no sports you can legally wager on except horse racing and daily fantasy sports.

Two online sports betting initiatives did go on the ballot in the state in November 2022, but both measures failed to pass on this occasion.

Sports currently played in California include professional and collegiate football, baseball, hockey, basketball, soccer and boxing. So there is a huge range of games for fans to watch currently.

Exploring the Benefits of California’s Legalized Sports Betting for Players

California’s legalization of sports betting would open up a world of opportunities for players.

If a new law is passed in the future, California would join other states where it is legal to bet on sports, and players could freely place bets on their favorite teams and events.

Players would also have access to more competitive odds than before, which would allow them to boost their wins and give them a wider range of pursuits to wager on. They could also take advantage of various promotions and bonuses made available by online bookmakers.

Investigating Ways to Maximize Profits from Online Sports Betting in California

If sports betting is legalized in California, it will be important for new players to understand the regulations that govern the industry and the rules of the bets they are placing.

It is key that players research the many different types of bets available and get a grasp of how the odds affect each type of wager.

Bettors should learn about the various teams and players in the sports they wish to back and be aware of changes to them, as well as player suspensions and injuries that can affect a side’s performance.

In conclusion, California’s sports betting handle is expected to outpace other states due to its large population and the availability of mobile betting.

The state’s existing sports infrastructure should help it capitalize on the growth of legal sports betting in the US if that day comes in the next few years.