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Nevada Pooled Sports Betting Bill

Nevada Pooled Sports Betting Bill

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Published by LegalBlitz
Proposed senate bill to allow private investment groups to make sports wagers
Proposed senate bill to allow private investment groups to make sports wagers

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Published by: LegalBlitz on Apr 10, 2013
Copyright:Attribution Non-commercial

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07/21/2014

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S.B. 346
 
-
 
*SB346*
 
S
ENATE
B
ILL
 N
O
.
 
346–S
ENATOR 
B
ROWER 
 M
ARCH
18,
 
2013 ____________ Referred to Committee on JudiciarySUMMARY—Revises provisions relating to gaming.(BDR 41-1051)
FISCAL NOTE: Effect on Local Government: No.Effect on the State: Yes.
~
EXPLANATION – Matter in
bolded italics
is new; matter between brackets
[
omitted material
]
is material to be omitted.
 
AN ACT relating to gaming; defining certain terms relating togaming; revising provisions governing the acceptance of certain wagers by a licensed sports pool; and providingother matters properly relating thereto.
Legislative Counsel’s Digest:
Under existing law, the Nevada Gaming Commission and the State Gaming
1
Control Board are required to perform various acts relating to the regulation and
2
control of gaming. (NRS 463.140)
Sections 2 and 3
of this bill define the terms
3
“account wagering system” and “patron” for the purposes of the statutory
4
 provisions governing the licensing and control of gaming.
Section 4
of this bill
5
 provides that on or after January 1, 2015, a licensed sports pool with an account
6
wagering system may accept a wager of more than $1,000 only if the wager is
7
made through the account wagering system.
8THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED INSENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1.
Chapter 463 of NRS is hereby amended by adding
1
thereto the provisions set forth as sections 2, 3 and 4 of this act.
2
Sec. 2.
1. “Account wagering system” means a system of 
3
wagering using telephone, computer or another method of 
4
wagering communication as approved by the Chair of the Board 
5
or his or her designee whose components:
6
(a) Are located in this State; and 
7

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