eSports betting — Nevada Signs Bill
eSports betting — Nevada Signs Bill

In Nevada, a new law will let pari-mutuel wagering on the World Series of Poker, esports competitions and other nontraditional sporting events.

The Nevada Gov. Brian Sandoval signed a bill, SB 240 into law on Saturday after being unanimously approved by the Nevada Senate and Assembly. The law will be in effect starting the day of July 1.

“By adding ‘other events’, we are able to capture events like esports and the World Series of Poker,” sponsoring Sen. Becky Harris of District 9 told ESPN. “This allows for Nevada operators to use a pari-mutuel system of wagering. This allows for operators to offer bets they might not otherwise make.”

The bill was projected to alter the 464th chapter of Nevada Statutes, covering pari-mutuel betting. Prior to its approval, traditional sportsbook-style betting had been allowed on other events. The law will currently open new lines for other competitions not classified under the traditional Nevada sporting events and dog racing law.

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The two styles of betting is differentiated in the way that pari-mutuel wagering allows gamblers to wager against one another, rather than contrary to a bookmaker, consequently removing tax and the house take. The pari-mutuel matchmaker takes a percentage, using the remainder being divided amid the winning bettors.

The update comes after effective sportsbook-style betting in many other events. It was in 2011 when Sportsbooks first opened betting for the final hand of the World Series of Poker. The Nevada Gaming Control Board has also permitted sportsbook betting in 2016 for esports competitions Intel Extreme Masters Oakland and later DreamHack Masters Las Vegas in the year 2017.
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['Gambling', 'Nevada', 'Online Casino', 'Csgo', 'Sports Betting']