Nevada Governor Formalizes Esports Betting Law

Published Sunday, June 04, 2017 - Online-Casinos.com
Nevada Governor Formalizes Esports Betting Law

In November of last year the gambling state of Nevada USA started to consider the esports trend sweeping the nation. Interest in esports has grown fantastically and The Nevada Gaming Policy Committee realized they needed to address the implementation of an esports wagering framework for Nevada’s sports books. The Committee agenda for November 16, 2016 included 'Esports in Nevada: how Nevada can become the esports capitol of the world'. On the 18th of November 2016 the Nevada Gaming Policy Committee urged gambling regulators in Nevada to create a new set of rules regarding wagering on esports contests.

The competition to be first game ramped up quickly when on the 22 of November it was announced that William Hill had become the first gambling operator to acquire a licence to offer betting lines on esports competitions in the Nevada.

The Nevada Gaming Control Board, granted the licence, saying wagering will take place under Regulation 21.120, allowing for “wagers on events other than a horse race, greyhound race or athletic events”.

Nevada Governor Brian Sandoval said in a statement then,  “This announcement is a major step toward ensuring Nevada becomes the esports capital of the world.” Adding, “By embracing this unique opportunity and incorporating innovation and technology into our gaming industry, we’re expanding the potential of one of our oldest industries.” It appears the licence comes when Nevada still is dealing with an uncertain future regarding real money gambling on esports.

Governor Brian Sandoval signed a bill recently amending the pari-mutuel wagering rules paving the way for the future plans of esports entrepreneurs to become a center for the activity. The approval of Senate Bill 240 formalizes esport betting legality under state law. Effective July 1 2017 other sports will be included to the pari-mutuel wagering category, including esports and wagers on various awards shows.  

 

 

 

 

 

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