Nevada Sports Betting
In 1949, bookmakers were allowed to accept bets on horse races and professional sports. They operated independently from the casinos, but had to pay a 10% tax, so they had to charge a high vigorish to remain profitable.
In 1974, the tax was lowered to 2%, and the Stardust became the first casino to operate a sportsbook in 1975. Most casinos followed suit, and the tax on sports bets was lowered to 0.25% in 1983.
After a vote in August 2008, the Nevada Gaming Commission lifted a long-standing ban on cell phones and other electronic devices at sportsbook locations.
In January 2011, the Nevada Gaming Control Board (NGCB) approved American Wagering Inc.'s (AWI) new mobile application, the Leroy's App, which allowed state gamblers to enjoy legal sports betting from their BlackBerrys. In March 2012, AWI got approval from the NGCB to offer its mobile wagering application on the Apple iPad. This approval was a major milestone in sports betting history, as it was the first mobile sports betting app available for download through the Apple app store.
In 2011, British bookmaker William Hill bought American Wagering for $18 million. Nevada regulators approved William Hill's gaming license in summer 2012.
In February 2015, the Nevada State Gaming Commission signed off on allowing wagers on Olympic events.
In June 2015, a sports betting bill that authorizes business entities to place racebook and sports pool wagers became law.
On 16 October 2015, Nevada became the first state in the U.S. to ban unlicensed daily fantasy sports (DFS) sites. The Nevada Gaming Control Board ruled that DFS should be considered gambling, and since no DFS sites had applied for gaming licenses, all sites were told to cease and desist operations within the state.
In September 2017, the Nevada Gaming Control Board announced it would allow operators to place wagers on multiple esports events.
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