The chief executive officer of FanDuel’s parent company was optimistic on Wednesday in discussing the prospects of sports betting in California — but that was before it was totally clear how badly an online-wagering measure was going to lose in the state.
With 100% of precincts partially reporting on Wednesday afternoon (on the East Coast, anyway), Proposition 27 had been approved by just 16.7% of California voters and rejected by 83.3%.
That was worse than what public polling had suggested about the ballot measure, which would have provided a way for operators such as FanDuel to legally offer online sports betting sites in California.
FanDuel pumped more than $35 million into the pro-Prop 27 campaign, according to state records.
