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Nevada governor signs online gambling bill

Online GamblingOnline Gambling: Nevada governor signs online gambling bill
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CARSON CITY, Nev. — Gov. Brian Sandoval signed legislation Thursday legalizing online gambling in Nevada, capping a dizzying day at the Legislature as lawmakers passed the bill through the Assembly and Senate as an emergency measure.

Nevada wanted to beat New Jersey, its East Coast casino rival, to the online gambling punch. New Jersey Gov. Chris Christie previously vetoed an online wagering bill but has indicated he may sign an amended version next week.

Sandoval and Nevada legislative leaders said it was important for Nevada to remain at the forefront of gambling regulation.

"This is an historic day for the great state of Nevada," Sandoval said, flanked by dozens of state lawmakers. "Today I sign into law the framework that will usher in the next frontier of gaming in Nevada."

Sandoval, a former chairman of the Nevada Gaming Commission added, "This bill is critical to our state's economy and ensures that we will continue to be the gold standard for gaming regulation."

He praised legislators for their swift action and commended Assembly Majority Leader William Horne, a Democrat from Las Vegas, for shepherding the bill.

Horne, in turn, had equal accolades for the Republican governor.

"This was a lot of work and it couldn't have been done without the governor's leadership and vision," he said.

Horne couldn't resist at jab at Nevada's gambling rivals.

"As to our competitor, New Jersey, they should be accustomed to following Nevada," he said.

AG Burnett, chairman of the Nevada Gaming Control Board, said the state already has about 20 applications from various operators, equipment and software vendors to be licensed for online gambling.

AB114 authorizes Nevada to enter into compacts with other states to offer Internet poker. It sailed through both the Assembly and Senate on Thursday after a joint hearing before the two judiciary committees.

Gambling regulators will now come up with regulations dictating compact parameters.

Lawmakers in 2011 passed a bill that put Nevada in position to legalize Internet gambling if the federal government sanctioned it. But when those efforts failed in Congress, Sandoval said Nevada would work toward agreements with other states.

Several other states began looking into online gambling after the Department of Justice issued a letter in 2011 stating that the federal Wire Act of 1961, often used to crack down on gambling over the Internet, only applies to sports betting.

Partnering with other states gives Nevada an expanded customer market and provides other states with Nevada's expertise in gambling regulation.

Pete Ernaut, a lobbyist representing the Nevada Resort Association, said expanding the customer base was key.

"It's imperative for the success of this that we compact with other states because we don't have a universe of players," Ernaut said.

The benefit for other states, he said, is Nevada's "most mature regulatory infrastructure."

"We have the most mature financial, auditing and collection capabilities, much greater than some of those states, and they have the players," he said.

The bill approved Thursday resolved a disagreement between Horne and the governor's office over licensing fees. Sandoval had pushed for companies that want to offer online gambling to pay a $500,000 fee, while Horne, in the original bill draft, proposed $1 million.

Under a compromise, the fee was set at $500,000, though it gives the Nevada Gaming Commission authority to change the amount. A renewal fee was set at $250,000.

Thanks to rdgrnr for the tip.

AP

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10 comments. Last comment 1 year ago by helpmewin.
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rdgrnr's avatar - walt
-Ridge Runner- Oracle of the Appalachians
Way back up in them dadgum hills, son!
United States
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Posted: February 22, 2013, 11:36 am - IP Logged

There's another foot in the door.

NJ will probably go next and then as the process becomes less threatening and more importantly, profitable, resistance will lessen and the dominoes will start to fall, slowly at first and then competitively in a quest for badly needed revenue.

And the state lotteries will surely follow suit for a piece of the online action.

That's what I think will happen but what I'd like to see is cross-border competition between states for the lottery dollars. That one I'm not so sure about. States with crappy computer-generated fake drawing games like Tennessee are not going to want to give up their captive audience and compete in an open market.

    Todd's avatar - Cylon 2.gif
    Chief Bottle Washer
    New Jersey
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    May 31, 2000
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    Posted: February 22, 2013, 2:29 pm - IP Logged

    There's another foot in the door.

    NJ will probably go next and then as the process becomes less threatening and more importantly, profitable, resistance will lessen and the dominoes will start to fall, slowly at first and then competitively in a quest for badly needed revenue.

    And the state lotteries will surely follow suit for a piece of the online action.

    That's what I think will happen but what I'd like to see is cross-border competition between states for the lottery dollars. That one I'm not so sure about. States with crappy computer-generated fake drawing games like Tennessee are not going to want to give up their captive audience and compete in an open market.

    I agree with your comments, and I will add that privatization would definitely help state lotteries get to online sales much quicker.  That's how Illinois did it.  The state lotteries are too cautious and always waiting for the others to move first -- and they all know it.  I'm still not sure if a private company can run a leaner operation than the state lotteries, because the state lotteries already run a pretty lean operation, but I do know that private companies are able to accomplish "riskier" things like online sales much quicker.

     

    Check the State Lottery Report Card
    What grade did your lottery earn?

     

    Sign the Petition for True Lottery Drawings
    Help eliminate computerized drawings!

      maximumfun's avatar - Lottery-064.jpg

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      Posted: February 22, 2013, 7:01 pm - IP Logged

      Can anyone tell me WHY it's important for Nevada to remain at the forefront of gambling regulation?  Does it really matter?

        JonnyBgood07's avatar - Patriots logo1.jpg
        Connecticut
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        May 29, 2008
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        Posted: February 22, 2013, 7:08 pm - IP Logged

        I wish the powers that be would just cut the sh*t with THIS an' inch at a time 'mode and just open an interstate lottery operation that's comparable to the offshore companies.

        "...Life is not a matter of holding good cards,but sometimes playing a poor hand well...
        'Fortune Cookie wisdom'

         


          rdgrnr's avatar - walt
          -Ridge Runner- Oracle of the Appalachians
          Way back up in them dadgum hills, son!
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          Posted: February 23, 2013, 12:29 am - IP Logged

          Can anyone tell me WHY it's important for Nevada to remain at the forefront of gambling regulation?  Does it really matter?

          That's just the Vegas/AC pissin' contest, max.

          Just braggin' rights that matter to nobody but them.

            RedStang's avatar - mustangstu zps4c591ef5.jpg
            Dutchess , NY
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            January 21, 2012
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            Posted: February 23, 2013, 1:20 am - IP Logged

            Read awhile ago that Casinos, not private companys, were the ones that wanted to run online games.

              maximumfun's avatar - Lottery-064.jpg

              United States
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              Posted: February 23, 2013, 6:24 pm - IP Logged

              That's just the Vegas/AC pissin' contest, max.

              Just braggin' rights that matter to nobody but them.

              gotcha.  that makes more sense.

                helpmewin's avatar - dandy
                DON'T HATE THE PLAYA HATE THE GAME
                u$a
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                February 22, 2011
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                Posted: February 23, 2013, 7:36 pm - IP Logged

                Read awhile ago that Casinos, not private companys, were the ones that wanted to run online games.

                that explains it all.Thumbs Up

                                 

                  Avatar
                  Texas
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                  September 4, 2012
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                  Posted: March 8, 2013, 9:23 pm - IP Logged

                  Online gambling will definitely attract players. It's more convenient to play at the comfort of your own home. Good luck players!

                    helpmewin's avatar - dandy
                    DON'T HATE THE PLAYA HATE THE GAME
                    u$a
                    United States
                    Member #106669
                    February 22, 2011
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                    Posted: March 12, 2013, 4:14 am - IP Logged

                    Online gambling will definitely attract players. It's more convenient to play at the comfort of your own home. Good luck players!

                    I Agree!