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12 June 2020 • Lawyer 3 Nevada’s Regulations? BettingSports Impact Spread National How Will the U.S. laws and regulatory processes. U.S. regulatory laws and of nuances the navigate and players, of U.S. preferences the understand market, the to access gain helpto them companies gaming local need but they technology, and marketing platforms, gaming online in expertise bring companies These years. forlegal many have been gaming of online forms other and betting where Europe, from are industry betting U.S.the sports operators. by different run sites betting sports for their “skins” multiple offer may cases, several in and, betting sports or mobile offermay online however, jurisdictions, of those most In casinos. existing the to tie some required have typically jurisdictions those tribal, or commercial either casinos, brick-and-mortar existing phones. smart on applications mobile online orprimarily through offered and state ru is betting sports states, certain In U.S. the throughout jurisdictions tribal and 20 states than more to spread has betting in Court’s Supreme decision U.S. ofthe aftermath In the BY SCOTT SCHERER, ESQ. Murphy Murphy Many of the companies entering entering of companies Many the v. NCAA, v. Wh ere there are are there ere 1 n by the

sports sports advantage. Mobile has has betting Mobile sports advantage. “vig” the despite profits significant earn to it difficult make can bets large making and analysis sophisticated using guys” “Wise business. alow-margin been customers. and dollars betting for sports competition the in up caught be to likely is however, Nevada spread, to continues betting sports legal As betting. sports have not yet authorized and because fray, perhaps the above mostly remained has Nevada wagering, sports not yet legalized have that jurisdictions neighboring from customers of betting dollars discretionary for the compete operators partners. international their and operators local by promoted twists new introduce also they cases some in jurisdictions, experienced more other and Nevada from heavily draw regulations and laws those While regulations. and laws own its adopts jurisdiction new U.S., the in each spread has gaming online extent, alesser to and, betting Moreover,U.S. sports as markets. to approaches new and technology new bringing are U.S.and operators companies betting sports European between collaborations pains, growing Historically, sports betting has has betting sports Historically, and jurisdictions of new Many the some have been there While 3

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2 but show identification before being able beforebeing show identification to the to physical one trip least at make must acustomer words, other patron’sthe identity.” confirming credential identification picture issued agovernment presents patron the where … establishment gaming licensed its at employeebefore an of licensee the appears personally patron “the until online bets sports placing a player from prohibits remotely, law currently Nevada accounts playersfor wagering register Remote Sign-Up gaming. of online types other legalize to apush be may country the across betting of sports spread the law from Nevada on impact potential One games. casino-style other and roulette blackjack, slots, allow online , and poker. to limited is Nevada in gaming online accounts. betting for sports up players who sign to products gaming online other cross-selling through is of Gaming Online Expansion income. total in dent a putting losses, significant to lead can line bad but one costs, lower with volumes higher achieve to allowed operators While the technology exists to to exists technology the While revenue more generate way to One 6 Other jurisdictions, including including jurisdictions, Other 4

5 Currently, 7 In In Information Services An “information service” sells information to a licensed sports pool for use in accepting wagers on events, and it includes the provision of lines, point spreads and .8 Nevada has required the licensing of “information services” for more than 20 years. Today, Nevada has only six licensed information services, with two being licensed in the last year. As sports betting has spread, the world has shrunk, with bettors expressing more interest in betting on global events. Meanwhile, technology has enabled in-game wagering, requiring more detailed data at faster speeds. The need for high-quality data analytics companies has increased dramatically. With a larger U.S. market, many companies that have been providing data to European operators for years and new U.S. start-ups are looking to enter the York City to drive legal sports betting industry, resulting into Atlantic City to in new applications for “information complete the registration. service” licenses. Additionally, as discussed above, sports betting has historically been Technology a low-margin business and has been Mobile wagering, in-play wagering viewed as more of an amenity that and taking larger bets are all ways to drives traffic to Nevada’s casino resorts. increase volume. All are dependent upon Requiring completion of registration by reliable technology to provide a quality appearing in person at the casino ensures customer experience while mitigating risk to wager online. This regulation that sports betting patrons will visit the to the sports book. As is the case in the provides added assurance against casino at least once. world at large, customers are demanding underage gaming and money When initially implemented, this the convenience and experience that new laundering, although some argue that requirement was supported by most technologies provide. today’s technology allows a patron to Nevada casinos. As a greater percentage Whether online or in the casino, be reliably identified remotely. of sports wagering moves online, sports betting or casino games, the Those advocating for full remote however, a split of opinion has arisen gaming industry needs to keep pace registration argue that Nevada among various operators in Nevada. with the expectations of customers, needs to provide this convenience to As sports betting continues to spread, while regulators want to ensure that customers to stay competitive. Unlike technology for identifying players technology works as advertised, some other jurisdictions, however, improves, and sports bettors come to Lawyer Nevada

customers are treated fairly and problem • most Nevada residents live near a expect greater access and convenience, is minimized. The demands licensed sports book, making it more the views of Nevada’s gaming industry on operators and regulators are more convenient than would be the case could continue to shift in favor of full

for a player living just south of New remote sign-up for wagering accounts. CONTINUED ON PAGE 15 June 2020

13 CONTINUED FROM PAGE 13 they should not try to stem the tide of tide the stem to not try should they problem gambling, about concerned rightly are industry and regulators world. While gaming the in systems cashless same those expecting are customers –gaming younger especially – more lives, of their rest the in systems payment of cashless convenience the followed, avoid to detection. are protocols if least at difficult, more it making of funds, tracking better for provide much systems cashless have not disappeared, laundering money and theft While cashless. going is industry slower pace), gaming the of world the rest (though a at the like money. launder Now, to and revenues gaming “skim” to it easier made cash of abundance The business. a cash it was that fact the was years many for industry of gaming the features Payments issues. less-important with flexibleapproach more a taking while areas, those in compliance for testing and reviewing diligently critical, truly are issues which decide to need will regulators demands, meet efficiently.and To quickly technologies approve new and review to regulators on pressure increase will technology on betting of sports reliance the and betting of sports expansion the from increases. of technology new pace the as conflict into coming frequently Nevada’s Regulations? Betting Impact of Sports How Will the National Spread Because they are accustomed to to accustomed are they Because of key distinguishing the One Competitive resulting pressures merely pyrite. pyrite. merely are which and gold the standard meet developments which determine to need will Commission, Gaming and Board of Nevada’s Control experience Gaming the on drawing Legislature, Nevada regulation. strict through trust and public confidence maintaining while of gaming, success and growth continued the promoting gaming— of Nevada principals core industry. the in developments new to react and efficiently evaluate and quickly to need will Nevada standard, that maintain behavior.problematic address to resources and tools provide and gamblers at-risk identify to systems by cashless generated data the use to ways find technology, but rather cashless standard” of the gaming world. To of gaming the standard” Doing so will require balancing the the balancing require will so Doing prides itself on being the “gold the being on itself prides other jurisdictions. Nevada Nevada jurisdictions. other technological advances in in advances technological with regulatory and and regulatory with Nevada to keep up up keep to Nevada 9 Ultimately, the the Ultimately, put pressure on on put pressure the U.S. will U.S.the will throughout throughout betting betting of sports of sports spread spread

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See, e.g., e.g., See, bet. of a particular side each on wagered are amounts equal giving the house an advantage, assuming $11 risk to $10, win to bettor the require will book asports at bet typical The bills. betting sports Legislature’sMissouri of consideration the to impetus added Bowl Super recent most the in Chiefs City the on bets place to to traveled bettors of numbers large that Reports 1461 (2018). Ct. 138 S. ___, U.S. 584 See See NRS 463.01642. 5.225(7). Reg. Comm’n Nev. Gaming 5A.140(1)(a). Reg. Comm’n Nev. Gaming Id. golden-goose/ ggbmagazine.com/article/slaying-the- 2020), 20, (March Magazine Business Gaming Global Goose,” Golden staff Governorfor Kenny Guinn. general counsel andchiefof Nevada assemblyman,and Attorney General’s Office, DivisionoftheNevada Gaming inthe deputy supervising ControlNevada Gaming Board, He isaformer memberofthe compliance andtransactions. businesses withlicensing, and othergaming-related operators, manufacturers includes representingpractice than 30years. His gaming law for more primarily practicing Farber Schreck, Brownstein Hyatt a shareholder with SCHERER SCOTT NRS 463.0129(1).NRS Roger Gros, . is

“Slaying the the “Slaying https:// 15 June 2020 • Nevada Lawyer