Given Nevada’s relationship with land based gambling – in Las Vegas in particular – an easy mistake to make is that online gambling within this state is legal. But until very recently, this was not actually the case. It took a very long time – a period of around 10 years – for online gambling to be made legal within this state.
In December 2012, the US Department of Justice declared that they were set to lift its ban on online gambling, but only in regards to casino and poker games. This came as a huge surprise given their stance on the subject in the past, and gave gamblers hope that this could mean that online sport betting could soon be legal, too. However, this has not been a problem for Nevadans since 1992, when the Professional and Amateur Sports Protection act were passed to allow online sport betting in this state.
Read our review of today’s top of the line online sports betting.
Online Gambling in The Silver State
Nevada has come a long way in the online gambling battle since just last year, and they are actually said to have given this the go ahead as of February 2013. This makes them only the second state within the whole of America that offers online gambling, however the bill itself is still waiting to be passed!
It’s All About the Green
The only thing that is currently stopping Nevada holding a full licence for online gambling is money. It is said that to obtain such a licence would cost the state at least $1,000,000, with the fees alone totalling a massive $500K prompting a virtual stale mate on the situation. However, the revenue and profits thought to be generated by the introduction of an online gambling legislation is said to far outweigh the cost of putting one in place. It is thought that legalising online gambling in Nevada would culminate in a revue of around $5 billion each and every single year, with hopes that this will grow to an incredible $10 billion in just 5 short years.
Who Can Partake in Gambling Online?
At present, only Nevadans who live within the state border are permitted to gamble online. As of February 2013, the Assembly Bill 114 – if passed – will allow the state of Nevada to join forces with some others to provide their citizens with the likes of online poker and casino games, but again those wishing to partake in online gambling will have to physically be within the state border within this legislation.
Read about the status of online sports betting in New Jersey, read the article here