Contact Us
Make My Homepage

Nevada Wants to Expand Its Sports Gambling Law

A bill before Nevada lawmakers would let private investment groups place sports wagers and allow the state to reap millions of dollars in untapped revenue.

Sports Betting
PNC, Getty Images

The legislation received its first hearing Monday in a Senate committee as a leading gambling executive projected that Nevada sports books could see action nearly triple in the next five years if it were to become law.

Under existing law, only individuals can place wagers at Nevada sports books. The bill would allow so-called entities to be formed and authorized to make sports bets.

The entities could act as a type of hedge fund and wager big dollars on football, basketball, baseball and other sports. In turn, they could seek out investors to put up money and let the experts make the bet.

 

(Copyright 2013 by The Associated Press. All Rights Reserved.)

Best of NJ 101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.