Bill Would Allow Private Entities to Bet on Sports - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Bill Would Allow Private Entities to Bet on Sports

Posted: Updated:

The chief executive of Nevada's largest sports book operator says millions of dollars in revenue could be tapped by allowing private investment groups to place sports wagers.

Lee Amaitis of Cantor Gaming testified in favor of a bill that would allow "entities" to be formed and authorized in Nevada to make sports bets.

Nevada holds a monopoly on sports wagering under a 1992 federal law that banned sports betting in all states except those that didn't already allow it. But supporters say how long Nevada enjoys that distinction is anyone's guess. They also point to an estimated $380 billion bet illegally on sports each year in the United States.

The bill would require anyone involved in betting entities, from officers to customers, to be screened by regulators.  (AP)

  • Today's Top StoriesMore>>

  • Some Businesses Affected By I-580 Since Opening in 2012

    Some Businesses Affected By I-580 Since Opening in 2012

    Wednesday, April 23 2014 5:49 AM EDT2014-04-23 09:49:09 GMT
    Interstate 580 has made for a faster drive between Reno and Carson City since opening back in August of 2012, but some businesses in the Washoe and Pleasant valleys are seeing a loss of business due to the new highway.More >>
    Interstate 580 has made for a faster drive between Reno and Carson City since opening back in August of 2012, but some businesses in the Washoe and Pleasant valleys are seeing a loss of business due to the new highway.More >>
  • Dons Score Late to Down Wolf Pack

    Dons Score Late to Down Wolf Pack

    Wednesday, April 23 2014 2:57 AM EDT2014-04-23 06:57:16 GMT
    The University of San Francisco (19-20) scored three runs in the top of the ninth to defeat the University of Nevada (21-17) baseball team 4-1 in a nonconference matchup at Peccole Park on Tuesday night.More >>
    The University of San Francisco (19-20) scored three runs in the top of the ninth to defeat the University of Nevada (21-17) baseball team 4-1 in a nonconference matchup at Peccole Park on Tuesday night.More >>
  • Aces Win, Take Series in Fresno

    Aces Win, Take Series in Fresno

    Wednesday, April 23 2014 2:45 AM EDT2014-04-23 06:45:22 GMT
    The Reno Aces wrapped up their first series win of the season Tuesday with a 4-3 road victory.More >>
    The Reno Aces wrapped up their first series win of the season Tuesday with a 4-3 road victory.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.