Supreme Court Rules in Favor of Legalizing Sports Gambling Outside of Nevada
8LasVegasNOW.com, May 14, 2018, By Karen Castro
There was a precedent set Monday for a much anticipated ruling in the sports gaming industry when the United States Supreme Court struck down the federal ban on sports betting outside of Nevada.
The ruling paves the way for other states to legalize betting on college and professional sports. Although Nevada is the only state with a well-established sports gambling industry, gaming experts do not anticipate a negative impact on local sportsbooks. For the past 25 years, sports betting outside Nevada was illegal until the monumental decision came down Monday morning. “I think it gives people a little bit less of a reason to come here,” Westgate patron Joe Paven said. But, industry experts say sports betters like Pavan have nothing to worry about.
“I know some people think of it as a threat and it will take our monopoly away, but there’s others like myself that look at it as an opportunity,” said Jay Kornegay, the vice-president of Race & Sports Operations of Westgate Las Vegas. “There’s other jurisdiction across the country that we would love to see the super-book brand located in.”
With that said, stand alone casinos in Nevada may take a hit, according to Dennis Gutwald, a former investigator with the Nevada Gaming Control Board, “Because they can’t benefit from the gaming that’s offered nationally, whereas the regional firms can.” But Gutwald believes casinos can offset losses with new players. The nationwide legalization of sports gambling is expected to attract a new wave of betters.
To listen to entire story click here.
About McDonald Carano
McDonald Carano has been shaping Nevada’s legal, business, and policy landscape since our founding in 1949. With more than 60 lawyers and government affairs professionals working from offices in Reno, Las Vegas, and Carson City, we are Nevada’s law firm for business. Our local, national and international clients include Fortune 500 corporations, fast-growth and mid-market companies, entrepreneurs and startups, non-profit organizations, government entities, and high-net-worth individuals. Our attorneys deliver cross-discipline, one-stop, business law and government affairs counsel. Please visit mcdonaldcarano.com
Media Contact
Mark Buckovich
mbuckovich@mcdonaldcarano.com
702.257.4559
You have chosen to send an email to McDonald Carano. The sending or receipt of this email and the information in it does not in itself create an attorney-client relationship. If you are not already a client, you should not provide us with information that you wish to have treated as privileged or confidential without first speaking to one of our lawyers. If you provide information before we confirm that you are a client and that we are willing and able to represent you, we may not be required to treat that information as privileged, confidential, or protected information, and we may be able to represent a party adverse to you.
I have read this and want to send an email.