California would produce upward of $3.1 billion annually in sports betting revenue if two competing ballot questions are both approved by voters on Nov. 8, according to analysts at Southern California-based Eilers & Krejcik Gaming.

But don’t count on that happening.

The analysts believe the odds show both measures failing.

Neither question, they predict, will gather more than the required 50 percent of the vote for passage.

“The political power and deep pockets of interests with dogs in this hunt … have us leaning negative on California’s sports betting legalization prospects this fall,” Eilers & Krejcik analysts Becca Giden, Chris Krafcik and Adam Krejcik wrote in a research report released last week that looks at Proposition 26 and Proposition 27.