Nevada Online Sports Betting

Nevada saw the second-most sports betting action of any state in the US in December, despite a relative dip in handle

Although casinos in Nevada are free to offer online sports betting, some of them have chosen not to. There’s a reason for this. When you can place your sports wagers online, you may not be as tempted to play some blackjack or video poker every time you bet. BetMGM Nevada's sports betting app offers a complete selection of online wagering options, including parlays, live (in-game) betting, futures, props and more. Sports bettors looking for online betting action will find all of the major sports, plus much more. Nevada sports betting options are numerous with a plethora of retail sportsbooks and mobile betting apps that are legal, licensed and regulated. Although casinos in Nevada are free to offer online sports betting, some of them have chosen not to. There’s a reason for this. When you can place your sports wagers online, you may not be as tempted to play some blackjack or video poker every time you bet.

The Silver State came in just ahead of Pennsylvania, with $588 million in sports betting handle.

Nevada’s $588 million figure was down around 3.5% month-on-month. And it was also down around 11% from the state record $660 million wagered in October.

Retail bets accounted for 40% of the total handle, compared to 60% for online. Nevada continues to lag behind the rest of the country in adopting mobile because of its arcane rules requiring in-person account registration.

The state earned $2.8 million in tax for the month.

Strong hold rates

Nevada sportsbook revenue for December came in at $40.6 million, good for a hold rate of 6.8%. That revenue figure was down around 33% from November and put Nevada just behind Pennsylvania for the month, good for third in the US.

And it was a similar story for the full year.

For CY2020, Nevada sportsbooks won $262.8 million, down 20% from 2019. That put it around $7 million behind the PA sports betting market, which delivered $270 million.

Nevada online sports betting regulations

Full year Nevada sports betting handle was also down 19% to $4.3 billion, reflecting the impact of the pandemic on out-of-state bettors. Nevada casinos shut down for a month at the start of the pandemic and operated at 50% or less capacity the rest of 2020.

What next for Nevada sports betting?

It’s hard to overstate the impact of the pandemic on Nevada and Las Vegas, given the prevalence of out-of-state bettors and the size of retail betting handle. It will be fascinating to see how it bounces back as restrictions lift, especially compared to an online-heavy state like PA.

As for the wider market, its worth noting US sports betting handle in December has already surpassed $3.27 billion, even before Illinois submits its numbers. November was the previous high water mark at $3.25 billion.

With the recent addition of Virginiaand Michigan, monthly handle could start steam past $3.5 billion in early 2021.

History of Internet Gambling in Nevada

Supportgrew for Nevada online gambling in 2012. State politicians wanted to legalizeinternet gambling before New Jersey, which was also discussing the matter atthe time.

Nevadaaccomplished this goal by passing AB 114 on Feb. 25, 2013. AB 114 legalizesonline poker within the Silver State.

Withthe passage of AB 114, Nevada became the second state behind Delaware tolegalize internet poker.

InApril 2013, Ultimate Poker became the first poker site to go live in Nevada.WSOP.com (Sept. 2013) and South Point Poker (Feb. 2014) joined them soon after.

TheSilver State has featured online/mobile sports betting since 2010. Most NVbookmakers now offer an app.

Nevada Online Poker

UltimatePoker was the first site in the NV online poker market in April 2013. However,this early adopter failed to gain much traffic and closed in Nov. 2014.

Mobile sports betting in nevada

WSOP.comlaunched several months after Ultimate Poker. Largely thanks to its associationwith the World Series of Poker, it’s the only NV poker site that’s enjoyed anysuccess.

SouthPoint Poker was the third entity in the online market after going live in Feb.2014. It’s no longer active after drawing little-to-no traffic during its fewyears of existence.

Nevada Online Poker Sites

WSOP.comis the only game in town for Nevada internet poker fans. It draws a fair amountof low-stakes cash players and tournament grinders.

Online Sports Betting For Us Players

Thispoker site runs official WSOP online events during the summer. It also providessatellites where players can win seats to WSOP tourneys for a relatively smallbuy-in.

Newsignups can take advantage of a $10 no-deposit bonus when playing here. Theycan also qualify for a deposit bonus worth a 100% match up to $1,000.

Multi-state Compact

Nevadacurrently only supports one poker site due to its small stature. The SilverState may be America’s gambling capital, but it only houses 3.1 millionresidents.

Ofcourse, the 40 million-plus annual visitors to Las Vegas boost liquidity. Thenagain, the average Vegas visitor doesn’t spend hours playing online poker intheir hotel room.

Therefore,Nevada has formed interstate poker compacts with Delaware (2015 agreement) andNew Jersey (2018). All three states share player pools through the Multi-StateInternet Gaming Agreement (MSIGA) to help boost liquidity.

Online WSOP Events in Nevada

WSOP.comhas offered online WSOP gold-bracelet events since 2017. It has steadilyincreased the number of gold-bracelet tournaments it offers every year.

Thanksto the MSIGA, players from Delaware and New Jersey can also compete for goldbracelets online.

Nevada Online Sports Betting

Nevadais the only state that featured traditional sportsbooks before the fall ofPASPA—a federal ban on sports gambling that lasted from 1992 to 2018.

Withthe Silver State already grandfathered into PASPA, it didn’t need federalapproval to allow online betting before 2018. Station Casinos became the firstNV gambling company to take advantage of this opportunity by launching an appin 2010.

Otherbookmakers have since followed in Station Casinos’ footsteps by rolling outAndroid and iOS apps. Nevada’s mobile sportsbooks are:

  • Atlantis Reno
  • B-Connected Sports
  • Boyd Gaming
  • Caesars Sports
  • CG Technology
  • Golden Nugget
  • MGM Resorts
  • South Point
  • Station Casinos
  • Treasure Island
  • Westgate SuperBook
  • William Hill
  • Wynn Resorts

How to sign up for Nevada Betting Apps

Nevadafeatures strange requirements for mobile betting registration compared to otherstates. These odd stipulations include:

  • Visiting a land-based sportsbookand registering in person.
  • Filling out a physicalapplication.
  • A government-issued ID and eithera tax ID number or Social Security number.
  • A $50 or $100 minimum deposit.
  • Withdrawing winnings in person inmost cases.

Moststates allow you to register for an account through your smartphone, tablet, orcomputer. They only require that you send copies of identification when makinga withdrawal.

Furthermore,bookmakers in other markets don’t force you to cash out in person. Instead,they offer cash at the cage as anoption rather than a requirement.

Nevadaonline sports betting feels restrictive in this regard.

Geolocation

Likeother sports gambling markets, the Silver State requires you to be within itsborders when using betting apps.

Nevadaonline sportsbooks use geolocation software to pinpoint your location.Geolocation can determine if you’re within state lines to a high degree ofaccuracy.

Are Online Casinos Legal in Nevada?

TheSilver State doesn’t offer legal online casinos. State politicians avoidedlegalizing gaming sites at the same time as internet poker in 2013.

Las Vegas Sands Corp. owner Sheldon Adelson is a powerful opponent of an online gambling expansion in Nevada and beyond. His influence and political donations are big reasons why internet casinos haven’t received approval yet.

Ofcourse, several other casino corporations hold reservations about legalizinginternet gaming, too. They don’t want anything to take away from theirland-based gambling profits.

How to Deposit at Nevada online Gambling Sites

NVdeposits methods vary based on whether you’re playing online poker or makingmobile bets. The poker market is much more flexible in deposit and cashoutoptions.

Online Poker Deposits & Withdrawals

WSOP.comis currently the only active poker site in Nevada. It boasts a large array ofdeposit methods, including:

  • ACH (e-check): Send an e-check from your bankaccount to WSOP.com.
  • Cash at the casino cage: Visit a CaesarsEntertainment property and fund your account in person.
  • Credit card: WSOP.com accepts Visa,Mastercard, and Discover.
  • PayNearMe: You can purchase a deposit voucherat the nearest 7-Eleven.
  • PayPal: Use this popular e-wallet to fund yourgambling account.
  • Play+: Caesars issues branded prepaid cardsthat you can use for deposits.

Betting Deposits & Withdrawals

Nevada Online Sports Betting

Bankingoptions differ greatly from one mobile bookmaker to the next. Most NV onlinesportsbooks require you to place deposits and cash out in person.

Thereare exceptions, though. William Hill NV, for example, lets you deposit withcredit cards, PayNearMe, wire transfer, and kiosks at Nevada bars.

Online Sports Betting Sites

Online Gambling Bonuses in Nevada

WSOP.comis generous with bonuses and promotions. NV mobile sportsbooks, meanwhile,aren’t as charitable with bonuses.

Nevertheless,you can find various offers through both Nevada online poker and sportsbetting. The most common deals are:

  • No-deposit bonus: You receive a bonus just forcompleting registration.
  • Match deposit bonus: The poker site/bookmakermatches your deposit up to a specified amount.
  • Free bet: If you lose your first bet, you canwin back the losses by satisfying terms and conditions.
  • Loyalty rewards: You receive VIP rewards basedon your poker/betting volume.

WSOP.com features a detailed rewards program called the Action Club, which allows earning both online rewards and comps at Caesars-owned casinos.

Are Nevada Online Gambling Winnings Taxed?

Nevadadoesn’t impose a state income tax. However, NV gambling sites may withholdfederal taxes on your gambling winnings if:

  1. You book a win worth over $600.
  2. You win 300x your wager.

Thesestipulations mainly apply to wins earned through small bets. Here’s an example:

  • You wager $20 on the DenverBroncos winning the Super Bowl.
  • The Denver Broncos carry 400-to-1winning odds.
  • Denver wins the Super Bowl.
  • You’re entitled to an $8,000payout.
  • However, the mobile sportsbookwithholds $1,920 (24%) of the winnings.
  • The IRS will give you credit forpaying taxes on the $8k win.
  • You can also count losses (ifdocumented) against the winnings.

FAQ about Nevada Online Gambling

How old must I be to gamble online in Nevada?

You must be 21 years of age or older to gamble online in the Silver State.

Is online sports betting legal in Nevada?

Yes. Most NV internet sportsbooks feature an app. Requirements for using these apps include:
Registering in person.
Bringing a government-issued ID along with any other relevant identification.
Depositing at least $50 or $100.
Being within state lines when placing mobile bets.

Nevada Online Sports Betting

Is NV Online Gambling Safe?Nevada online sports betting

The Nevada Gaming Commission (NGC) and Nevada Gaming Control Board (GCB) oversee the state’s online gambling market. Both entities ensure that online poker and betting operators abide by the state’s gaming rules.

Nevada Sports Books Online

Why Aren’t Online Casinos Legal in Nevada?

There’s no official explanation for why internet casinos aren’t legal in Nevada. However, the state’s lucrative brick-and-mortar gambling industry is the likely reason for the lack of gaming sites.
Sheldon Adelson is especially against adding new forms of gambling that would disrupt the $12-billion-a-year casino industry.
Nevada may still regulate internet casinos in the future, but no timetable exists for when this might happen.

Can I play WSOP Events Outside of Nevada?

Yes. Nevada maintains a multi-state poker compact with Delaware and New Jersey. Therefore, you can play for WSOP bracelets from Delaware and New Jersey.