Business Entities Now Permitted to Wager at Nevada Race and Sports Books

Business Entities Now Permitted to Wager at Nevada Race and Sports Books

Jun 08, 2015

Client Alert

Brownstein Client Alert, June 8, 2015

A new Nevada law permits business entities to wager at Nevada race and sports books. Senate Bill 443 (SB443), which was signed into law by Gov. Brian Sandoval on June 2, 2015, provides the legal mechanism for investors and bettors, including those outside of Nevada, to invest in a business entity whose bets are placed by a professional bettor and share in the winnings. As a result, investors in the bettor entity can pool money to make larger bets, paving the way for dramatically increased race and sports wagering in Nevada.

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