Nevada Sports Betting

March 11th, 2010

Sports betting in the United States is a tricky business considering the number of rules and regulations meant to block individuals from participating in any sort of betting site or traditional bookmaking location. While there are roughly 150 licensed sports betting facilities in the United States, all of them are located in Nevada within the actual casinos scattered throughout the state. While many casinos share a parent company and offer the exact same wagering choices and odds, the professional gambler will understand that this causes a discrepancy and a disadvantage. In short, if you are sports betting as a professional you want to spread your bets out between various facilities if you happen to be gambling in Nevada.

The first sports betting facilities in the US were actually separate from the casinos, similar to the way they are operated in the UK, but over the years things have changed largely due to taxation issues. In the past the sports betting facilities had to pay a 10% tax as a result of being separate from the hotels, which translated into high commissions charged to gamblers who were participating in sports betting through sports betting facilities. In 1974 legislation was finally passed to allow sports betting facilities within the casinos themselves, and the renovation was almost instantaneous as every single casino throughout the state began moving them into their locations to capitalize on the lucrative market. The important thing to remember is that sports betting in Nevada relies purely on electronic betting, lacking the face-to-face transactions that have made sports betting in the UK so popular over the years.

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Filled Under: Online Gambling, Sports Betting