Gaming regulators OK gaming house banking on nontraditional occasions

Image

Steve Marcus Football fans watch video games throughout NFL opening day at the Red Rock Resort’s race and sportsbook Sunday, Sept. 13, 2015.

Thursday, June 22, 2017|1:01 p.m.

Related Story

Gamblers in Nevada can now put pari-mutuel bets on occasions like e-sports tournaments, the World Series of Poker and the NBA draft after the Nevada Gaming Commission today unanimously authorized modifications to guidelines for wagering on nontraditional events.

The change was prompted by Senate Expense 240, which was passed in the last legal session and is intended to bring the rules for pari-mutuel wagering in line with those of regular sportsbook bets.

Wagerers formerly might position nonpari-mutuel bets on “other occasions,” specified as occasions “besides standard sporting occasions, horse, or greyhound races.”

Past examples of “other occasions” approved by the board consist of the NBA draft, the NBA most valuable gamer award and the Heisman Trophy. For instance, the Westgate Superbook has prop bets on tonight’s NBA draft– like the number of Kansas players selected: Over 1.5 at minus-200

Nevada law specifies gaming house as “any system whereby wagers with regard to the result of a race or sporting event are positioned in a betting pool performed by a person licensed or otherwise allowed to do so under state law, and in which the individuals are betting with each other …”

The brand-new rule ought to work July 1.

Leave a Reply

Your email address will not be published. Required fields are marked *