California voters will have to wait 16 months to vote on a tribal-backed ballot referendum to legalize sports betting.
But whatever happens, gaming observers will remain unconvinced.
Though some Nevada sportsbook operators are concerned about potential competition from the state’s largest feeder market for casinos in Las Vegas and Reno, analysts and sports betting experts believe sportsbooks in California — the nation’s leading Indian gaming state — will not eat into Nevada’s multibillion-dollar industry.
Nevada’s sports betting industry is on track to break its previous year’s records. “There’s something about Las Vegas that will never go away. Sara Slane, a sports betting consultant in Maryland, said, “It’s a business model that’s impossible to compete with.”
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