Nevada Sports and Race Wagering

In the state of Nevada casinos are allowed to both conduct pari-mutuel live racing wagers and sports books as well as simulcasting worldwide racing. With the state having the best permissive sports betting rules than anywhere else with bettors allowed to wager on parlays, teasers, prop bets, single games and any sports related outcome thinkable. In-game wagering is also allowed in Nevada.

In this state only two tracks offer live horse racing events which are the white Pines in Ely with only two race days annually and the Elko County Fair with its seven days of racing annually. Various trainers and horse bettors have attempted over the years to bring more greyhound and horse racing to Las Vegas. Thus is race books incredibly popular and as a result is it mutually included in card room and slots revenues.

During 1949 all bookmakers were allowed to place bets on professional sports and horse racing and during those years operated independently from casinos in Nevada, but the taxes were high at 10%.

Only in 1972 they caught a breather with a two percent taxing with the Stardust casino the first to open a sports book in 1975. Other casinos followed suit and taxes dropped to only0.25 percent. Thoroughbred greyhound racing were allowed via phone account wagers in 2008 and during the same time a ban was lifted on electronic devices and cell phone used in sports book locations too.

The British bookmaker bought the American wagering for eighteen million in 2011 and he received his gambling license a few months later. During 2015 wagers were also legal on all Olympic events and also became the only state that allowed daily fantasy sports gambling. However they did require sites to register for licencing under the gambling act and since nobody can forth it was banned as gambling act in the state.