Thursday, May 21, 2015

New Capital Hill Bill Threatens Nevada Online Gambling

An article in the Las Vegas Review Journal is warning that an anti-Internet gaming law working its way through Congress could pull the plug on Internet Gaming in Nevada.

Current Nevada State law allows gaming done within Nevada, and several casinos have set up poker sites, online casinos and extremely popular online sports betting. To avoid Federal laws involving "money laundering" locals merely need to stop by the money cage of the casino running the Internet site, make a deposit, then take their action to the online site. Reportedly online betting is now a $3billion industry.

The klinker, according to the report, is that the measure would prohibit the electronic transmission of gambling information across state lines. The kicker is that a large chunk of Nevada online gambling is through mobile phone apps, which are on networks and widely broadcast. Modern systems would have some "leakage of service into some border areas of, say California, Arizona and Utah.

Another even more basic question to me is the odds and betting information that Las Vegas sports bets get from their sources. Would such information the bookies use to make their lines also become illegal?

Updates will come as they are available.

3 comments:

  1. Hi! This is a very complicated topic. And discussions about the legalization or the delegalization of gambling and betting does not stop for a long time. I think everyone has their own opinion, but I think that tightening or prohibition is not always very good. For all.
    And your question is - just super! I even can not imagine how it is possible to determine the legality of such information! Thanks for the update.

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  2. Where safe and beneficial to bet?

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  3. Excellent article. Very interesting to read. I really love to read such a nice article. Thanks! keep rocking.
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