What is the first city that comes to mind when you think of anything related to gambling? The majority of people will respond with Las Vegas, which is the gambling capital of Nevada and a popular tourist destination all over the globe. However, it is surprising to learn that the state does not treat all types of gambling with the same level of tolerance. For example, residents and tourists are still unable to participate in larger Daily Fantasy Sports (DFS) betting. Continue reading if you want to learn more about why this is the case and when it could change.
What exactly is the Daily Fantasy?
The Daily Fantasy Sports (DFS) competition is a tournament in which participants are required to pick a team of athletes from a certain sports league. The points that they gain are determined by the actual performances of players in that particular round of the game. All of the contenders are required to adhere to the pay limitations, and the valuations of the players are adjusted after each round depending on how well they performed. As a result of the brief duration of the competitions, participants are required to construct their teams on a weekly or even daily basis.
Due to the fact that large DFS providers are unwilling to pay for gaming licenses with the state of Nevada, DFS betting is not prohibited as of the year 2019, but it is not accessible in the state of Nevada.
An Overview of Online Daily Fantasy Sports in the State of Nevada
It is difficult to understand the current state of affairs with online Daily Fantasy Sports in the state of Nevada. The state did not impose any restrictions on daily fantasy sports (DFS) websites like DraftKings and FanDuel for a number of years. All of this changed in 2015, when the Nevada Gaming Control Board (GCB) and the state Attorney General announced that these websites were operating unlawfully inside the state. This was due to the fact that they had not yet registered themselves with the GCB and obtained a license.
As a result of this, DFS operators decided to withdraw from the state of Nevada, and they have continued to do so ever since. In 2016, the GCB started looking at other licensing options in addition to the standard ones in order to facilitate the return of these DFS operators to the state. They went so far as to collaborate with DraftKings and FanDuel in order to draft laws that would be more in line with what other states were beginning to do. However, in the end, the attempts were not successful, and Nevada continues to demand license payments from the companies in question.
Those Who Are Fighting for a Cause in College Fantasy Sports
In the event that you are a lover of college basketball, it is very likely that you are familiar with the renowned Runnin’ Rebels, who comprise the University of Nevada, Las Vegas. Due to the fact that the team’s winning % is the fourth-highest in the history of NCAA Division 1 basketball, the squad has garnered a significant amount of support throughout the state of Nevada. In their hometown of Paradise, the team often performs in front of audiences that are completely sold out at the Thomas Mack Centre, which has a capacity of 18,000 people.
It is unfortunate that citizens of Las Vegas are unable to choose their beloved Runnin’ Rebels into their fantasy lineups; thus, we hope that politicians will update the legislation in the near future so that everyone will be able to participate in the fun!
An Overview of the Legislation Regarding Daily Fantasy Sports
Gambling in Nevada is virtually like gambling in the Wild West, and not just for the United States of America but for the whole globe. Every year, visitors from all over the world make their way to Las Vegas in order to experience the city that was founded on gambling. It is unfortunate that DFS has not yet been licensed and regulated; nonetheless, we suggest that you look at our timeline of significant years in the history of gaming in Nevada. This will help you get a better understanding of how Nevada evolved into the gambling-friendly state that it is today. A visit to our Nevada gaming website will provide you with further details on gambling in the state.