Nevada Makes More Changes to Online Gambling Laws

Posted on January 9th, 2013 by Todd Wilkins

Nevada Makes More Changes to Online Gambling LawsNevada has proposed further changes to its existing online poker laws, seeking to accept bets place by players from other states.

The Silver State has always been at the forefront of changes to online poker and gambling legislation on a state level, and last year took matters into its own hands by passing the first laws to allow intrastate online gambling. This was in response to the total lack of advancement on a federal level when it came to online poker laws in the United States.

The state began a licensing process and, to date, 17 different companies have received permission to offer their products and services to players who are physically located in Nevada.

The problem, however, is that such a localized market is considered too small to be financially feasible, and poker analysts have questioned how these operators will manage to turn a profit.

Nevada May Accept Gamblers From Other States

A new bill draft, proposed in Assembly Bill 5, and drafted by the Nevada Gambling Control Board after consultations with the governor, could provide an innovative solution to such a problem.

The bill essentially proposes that the current law’s language be changed that will allow the state governor to enter into agreements with other states that legalize and regulate online poker and gambling. These agreements would allow the states to share their player pools, meaning that Nevada could accept wagers from players based in these states, and vice versa.

This has the immediate advantage of growing the player pools for both states, and benefiting the revenue of internet poker service providers.

While control board chairman AG Burnett could not confirm or deny that negotiations between the governor and other states were currently taking place, he did say that the state was interested in changing the language of the current laws so that should the governor choose to enter into such agreements, he would be legally able to do so.

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