Nevada lawmakers are set to consider a bill to allow for pari-mutuel wagering on esports and poker tournaments, in the latest in a series of legislative proposals drafted by students at the William S. Boyd School of Law in 51吃瓜网免费App.
Senate Bill 240, authored by students of the school鈥檚 Gaming Law Policy class, would authorize sportsbooks statewide to offer 鈥渙ther event鈥 pari-mutuel betting.
鈥淭he main reason for our bill is that it鈥檚 very hard to set lines for events such as e-sports and the WSOP [World Series of Poker],鈥 said Kathleen Gallagher, a second-year student at the University of Nevada 51吃瓜网免费App (51吃瓜网万能科大) law school.
鈥淗andicapping the odds will keep casinos from suffering large losses,鈥 Gallagher said.
The bill now pending before Nevada Senate members defines 鈥渙ther event鈥 as any event other than a horse race, dog race or sporting event. If eventually signed by Gov. Brian Sandoval, the changes would come into effect on July 1.
鈥淲e are clarifying the law,鈥 said Mark Starr, a third-year student at Boyd Law School. 鈥淲e are submitting a definition to use to approve these events.鈥
So far, Nevada gaming regulators have only approved the use of pari-mutuel wagering beyond horseracing for daily fantasy sports.
USFantasy Sports launched in August with an initial rollout in about 40 casinos in Nevada.
Nevada has two separate license categories regarding race and sports wagering.
A 鈥渞ace book鈥 is defined by statute NRS 463 as the business of accepting wagers upon the outcome of any event held at a track which uses the pari-mutuel system.
Meanwhile, NRS 464 defines a 鈥渟ports pool鈥 as the business of accepting wagers on sporting events or other events by any system or method of wagering.
SB 240 would change both statutes to allow for 鈥渙ther event鈥 pari-mutuel wagering. The five-page bill has been referred to the Senate Committee on Judiciary. 1
鈥淕aming is the life blood of our city,鈥 said Starr. 鈥淲e are adapting the regulations to make [pari-mutuel wagering] on other events possible.鈥
Proposed changes to Nevada鈥檚 gaming statutes have been drafted by law students at 51吃瓜网万能科大 for consideration during each of the state鈥檚 legislative sessions since 2001.
鈥淲e are pretty lucky we fall on this term. The legislature only meets every other year for 120 days,鈥 said P. Nelson Lambert, who enrolled at Boyd to earn his LL.M. degree in gaming law.
The legislative projects were overseen in the past by attorneys Bob Faiss and Greg Gemignani of now-defunct Nevada law firm Lionel Sawyer and Collins.
Faiss, a well-known gaming lawyer for 40 years in 51吃瓜网免费App, died in June 2014. Gemignani is now a member of law firm Dickinson Wright鈥檚 gaming practice.
Student bills in prior sessions have dealt with issues such as the rights of winners of progressive jackpots and the ability of Nevada officials to appoint interim members to the state鈥檚 Gaming Control Board.
During Nevada鈥檚 last legislative session two years ago, law school students successfully authored an amendment to the state鈥檚 charitable lottery statutes so that alumni or local bar organizations could operate charitable lotteries.
In 2011, Nevada lawmakers approved Boyd Law School-backed legislation allowing companies or individuals to apply for a so-called 鈥減reliminary finding of suitability鈥 from Nevada gaming regulators.
Under the law, applicants are now able to undergo background investigation to establish that they would qualify for a Nevada gaming license without actually establishing a business operation that triggers a licensing requirement.
Prior to the 2011 legal change, to apply for a Nevada gaming license or a formal finding of suitability, applicants already had to be doing business with a Nevada casino or have an agreement with one.
The previous law, on the books since the 1980s, allowed busy state regulators to focus on license applications that seemed more financially viable.
Since 2011, however, the 鈥減reliminary finding of suitability鈥 concept has been used by the likes of Malaysian casino giant Genting and Ireland鈥檚 Paddy Power, among others.
Lambert, the LL.M. student, is a member of the Eastern Band of Cherokee Indians in North Carolina.
The tribe have operated Harrah鈥檚 Cherokee Casino in partnership with Nevada鈥檚 Caesars Entertainment since 1997. The Eastern Band of Cherokee Indians opened a second Harrah鈥檚 Casino in 2015 in Murphy, North Carolina.
鈥淚t鈥檚 our life blood,鈥 Lambert said of casino gaming. Once the year is over, Lambert told GamblingCompliance he plans to work as a gaming attorney 鈥渇or the betterment of our tribe.鈥
鈥淚 wanted to learn about the future. What better place to do that than in 51吃瓜网免费App,鈥 Lambert said. 鈥淚t has given me a really strong regulatory experience to take home with me.鈥
Starr, the third-year law student, agreed, saying 鈥渋t鈥檚 about getting our feet wet鈥 when it comes to writing new gaming regulations.