California Ballot Referendum: California, the most populous state, has legalized sports betting on its ballot this Election Day. Kantar/CMAG reports ad spending has already exceeded $300 million. When compared to previous ballot measures, Steve Passwaiter, a Senior Advisor to Kantar/CMAG notes, ¡°It¡¯s clearly set a new record, the spending to date has beaten totals for the 2020 measure [Proposition 22] on gig workers.¡± Additionally, to date, the California propositions has easily surpassed the ad dollars spent in any statewide political election this year (the Senate race in Pennsylvania being the second most costly). Alaska also has a ballot referendum on sports betting in November.

As for the bets themselves, FanDuel has plenty to offer and is the forefather of same-game parlays, which are now also popular on other sites. The company consistently features compelling promotions, some of which get creative. (If you place $50 or more on a team to win Super Bowl LVII, you get $5 back in free bets ¡ª up to $50 total ¡ª for every game the team wins in the regular season).

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She highlighted other possible issues: How could the commission ensure players get any money left in their accounts returned? What would happen if an operator is shut down before the outcome of a bet it accepted is known? Should companies be required to put up a bond to ensure they can pay out all wagers if they don't secure a final license?