It’s been just over 5 years since the US Supreme Court repealed the Professional and Amateur Sports Protection Act (PASPA), which limited gambling to Nevada, Delaware, Montana, and Oregon.
After the repeal, more states in the country were allowed to legalize sports betting. New Jersey was the first new state to legalize sports betting following the repeal, and now there are over 35 states that offer legal sports betting.
This has led to the emergence of a new sports betting industry, with Nevada feeling the effects. The repeal of PASPA has brought both advantages and disadvantages to sports betting in Nevada.
The state of nevada behind more states in on the net sports betting technologies
Nevada is the epicenter of gambling in the world, so it’s no surprise that Nevada sports betting is also highly regarded in the industry. Nevada was the first state to offer online sports betting in the United States and continues to thrive as more states legalize sports wagering.
However, Nevada sports betting is designed to be disconnected from the rest of the nation. Each sportsbook operator outside of Nevada is considered a separate entity and uses different platforms. Companies like Caesars (including William Hill), Circa, MGM, Westgate SuperBook, and Wynn all have different websites for their operations outside of Nevada.
Unlike mobile sports betting in Nevada, online sportsbooks in other states can be accessed on various devices, from mobile phones to desktop computers. These websites in other states offer the latest technology, innovative betting options, a wide range of promotions, and larger betting menus.
On the other hand, the mobile betting platforms used in Nevada are considered outdated. While a mobile app may work in other states, it won’t work in Nevada or anywhere within the state’s borders. This can be inconvenient for travelers and puts Nevada residents behind in terms of technological advancements.
The performance of Nevada sports betting apps is also slower and not as advanced compared to online sportsbooks in other states. Additionally, the betting menus in Nevada are smaller compared to other states because the platforms are not connected. Nevada sportsbook menus are approximately 65% to 74% the size of those in other states.
The Nevada apps also offer fewer betting types. However, there have been promises from companies like Caesars to bring their latest technology to Nevada, which would result in a greater betting menu, new types of wagers such as single-game parlays, and various promotions. This is expected to happen before the start of football season, providing Nevada residents with an enhanced betting experience.
Real time registration regarding online wagering accounts continue to required inside Nevada
Gaming regulators continue to require new Nevada gambling app accounts to be created in person at a retail sportsbook within a casino. This is not the case in most states across the nation.
The latest gambling app technology is designed for online sportsbooks that don’t have this requirement. In addition to the in-person registration, Nevada does not allow online casinos.
This can be problematic for many sportsbook operators, such as DraftKings and FanDuel, that are not affiliated with a casino establishment.
From the perspective of Nevada casino operators, they want new customers to visit their casinos to potentially spend money on dining, drinks, and gambling beyond just opening a betting account. And, frankly, Nevada casino sportsbooks are exceptional.
Nevada is a small state in terms of population compared to New York, New Jersey, and Pennsylvania. Many sportsbooks may find the cost of developing new platforms exclusively for use in Nevada to be expensive, considering that the revenue potential may not be as high.
Nevasca sports gamblers generally suffer a loss of less than consist of states
Being saddled with old technology may not be entirely disadvantageous for Nevada sports gamblers.
In Nevada, sportsbooks typically hold or win about 4% to 5% of all wagers placed. While this is the norm in Nevada, it is lower compared to many other states where sportsbooks are trending towards holding 10% of all money wagered. This means that players are losing less money when betting on sports in Nevada compared to most other states.
When the Professional and Amateur Sports Protection Act (PASPA) was repealed, sports bettors across the country were concerned that the odds would be worse than in Nevada. However, that hasn’t been the case. The odds are generally similar to those in Nevada, although some bettors may have a bias towards their local teams, leading them to bet more on home teams.
Scaled-down betting possibilities actually support bettors throughout Nevada
As mentioned earlier, one significant difference between Nevada sports betting platforms and those in other states is the menu of wagering options. While having more wagering choices allows sportsbooks to generate more revenue, it also makes it harder for bettors to win.
Sportsbooks aim to increase their profitability by pushing more parlay combinations and similar betting options, without necessarily making the odds worse for bettors. DraftKings CEO Jason Robins highlighted that they have not seen a decline in demand as they have increased the hold rate.
Having a smaller menu of betting options may actually benefit Nevada sports bettors, as it means they may lose less money. Additionally, the introduction of new betting platforms does not negatively impact sportsbook operators. In fact, Nevada sportsbook employees are benefiting from increased exposure, which is contributing to the overall increase in the amount of money being wagered in Nevada.
Little has evolved in Nevasca five several years after PASPA repeal
There’s both good and bad to being the forgotten state in the new online wagering world. PASPA’s repeal has not made much of an impact on Nevada sports gamblers.
Of course, this debate can go on for a long time and in many directions.
Certainly, Nevada sportsbooks, apps, and regulators are behind the curve when it comes to online wagering. But, that annoyance may also be keeping more money in bettors’ pockets.
Marc grew up in the mean streets of the South Bronx. He’s the rare mix of a Yankees and Jets fan, which explains his often contrarian mindset. Marc is a freelance writer and social media consultant. Writing about steak, alcohol, gambling, and Las Vegas is a tough job, but someone has to do it.
