Nevada Online Casinos
An interesting topic is legislation on gambling online in the state of Nevada, online casinos being direct competitors to the renowned land-based ones, which bring the better part of the state’s revenues. But given the current regulations of United States online casinos, Las Vegas seems to be a phenomenon too big to feel frightened by any sort of rivalry. Fact is that the laws here, on the matter, are more relaxed than in any other state, not only allowing a lot of games but even innovating a highly controversial domain.
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Contents
Nevada Gambling Laws
The state might just be a pioneer and a model to follow, concerning gambling legislation, but far from meaning they base their activity on an anything-goes principle, far from it. The laws state quite clearly the way these activities can take place in NV state territory.
Definitions of Game and Gambling
The laws on the matter include detailed definitions on what the concepts of game and gambling mean. They exclude the focus that other state has put on chance-based winnings and simply define an exhaustive list of games, which can be played with the purpose of gaining values in the form of money, property, checks, credit or other forms.
As a piece of funny information, the enumeration of accepted games includes some former trending games, which haven’t been played any longer, for a couple of generations’ time, like Chuck-a-Luck, Klondike, faro or Fan-Tan.
Online Gambling
Many have feared, given the wide spreading of virtual establishments that from the point of view of Las Vegas casinos, online gambling is bound to pose a real threat. But the city has had such a huge say in gambling and has become so much more than the mere act of betting that its charm is not likely to diminish anytime soon, making it truly “too big to fail”.
On that note, the regulations on online wagering are favourably defined as dealing, operating or maintaining the games mentioned as legal, through an inter-casino linked system. Lawmakers have decided that the linked system mentioned is referring, without being exclusive, to the Internet. Read more about online gambling regulation in Nevada.
Laws Favor Casino Resorts
The state treats carefully all issues that might arise regarding gambling in Nevada. Even if we’re talking about the famous brick and mortar establishments or about any Las Vegas online casino real money are made here that the state benefits of. With the amounts raised from casinos representing a large part of the NV state’s annual revenue, lawmakers take good care of disabling any tentative of stealing this money from casinos, may they be either in the form of theft or diverting customers towards illegal forms of gambling. Any sort of illegal activity regarding gambling is punishable both in civil and in criminal court.
Innovation in the Field of Gambling
As mentioned before, Las Vegas has become the lighthouse of worldwide gambling, being a phenomenon that transcends the main activity of making money by wagering. There are many related activities that make the city the glamorous place anybody wants to be at renowned restaurants, luxurious hotels, and out-of-this-world shows. It was the world leader in brick and mortar casinos right up until the recent lead takeover by Macau. But the luxury-filled city welcomes competition, the same way it embraced the perspective of online Vegas gambling development that’s starting to arise.
Being the leader for so long, it has become a go-to reference concerning gambling legislation. Any other state that wishes to regulate its own laws on the matter first shoots a glance at the NV laws, before coming up with a version of its own. Seeing how Nevada vetting rules are the best in the world, Nevada online casinos would be some of the most sought after and trustworthy gambling sites on Earth.
Nevada was the first state to launch a regulated poker site, although intrastate only. A need for such sites existed, seeing how all citizens of the state had access to online casinos Vegas being harder to reach by everybody statewide. Unfortunately, they had poor traffic being dedicated exclusively to state residents. Later it was created the first interstate network with Delaware sites, but, except the period of World Series of Poker Championship, they still didn’t have great success.
Las Vegas online gambling was the first in the field to enter the possibility to bet on eSports, opening the gate towards a new, trending, unexplored and in full growth industry. Alas, an option that all Las Vegas casinos online hurried implementing, recognizing the immense potential of this business.
It was the undisputed leader in the sports betting field. Now, it faces competition from other states after the Supreme Court ruled against the federal ban on betting. Also, Nevada online gambling is a phenomenon that aims for a quota of the sports betting market.
Restricted Options of Gambling
There are a number of forbidden ways of wagering by law, even in a state with such an open mind towards gambling.
Lottery
There doesn’t exist any state lottery, and there are no options for purchasing tickets to Powerball or Mega Millions, as well. For someone who desires to risk a small amount in the hope of gaining a life-changing wealth, Las Vegas slots are where the real money is made. Especially when talking about the progressive slots, where the jackpot increases in a geometrical progression. And there are at least a couple hundred such machineries around the state.
Internet-based Casinos
These aren’t yet regulated, meaning it’s not possible to own and operate a Nevada online casino state-based. The NV laws have allowed the licensing of some poker websites, but these had an exclusive offer just for the one game, disregarding all others. However, knowing the open-mindedness of lawmakers, there would be no surprise that in the near future we would have the first NV licensed only real money casinos online. In the meanwhile, a large number of online casinos licensed offshore are available and accept Nevada residents to safely play on their websites.
Accepted Wagering
As stated before, there is more than one option for gambling in the state of Nevada, in one of their numerous casinos, or on the more accessible Internet-based casinos. The offer is more than enough for any type of player, no matter how pretentious.
Land-based Casinos
Nevada has its fair share of land-based casinos with more than 180 such establishments, being a national record, by far. Also, it must be said that although when speaking about this state and gambling, the first image that pops in front of our eyes is the Bellagio, Caesar’s Palace or any other Vegas Strip venues, there is more to this state. Sharing the glory of being around the gambling capital of the world are also Reno, Lake Tahoe or Sparks, all with many betting establishments, if not with the equal amount of opulence as Vegas.
Standing in front of MGM Grand or The Wynn, trying to catch in a single look the sea of slots machines in each huge slots-hall, admiring the rapidity with which hands are being dealt with at blackjack or poker tables, we come to the realization that after a visit in any Las Vegas casino, online games lack this glamour to feel the complete experience. Perhaps why regulators see them as a complementary source of income rather than a competitor fighting for the same customer base.
Online Gambling
Besides the fact that there are no state-based online casinos, accessing the various websites that offer these sorts of services can be accomplished without fear of any sort of legal retaliation, as it is all permitted. In fact, for many Vegas casinos, online gambling is the next step in their development, trying to reach out to a new array of customers. Any sort of gamble that can be done in a Las Vegas casino, online games try and replicate it, taking into account the specific limitations, as not having a live dealer at all times, or perhaps missing out on those free cocktails every casino gives to their high rollers.
Sports Betting
Contrary to the belief that Nevada, like most US states, has forbidden betting on sports, NV is actually the leader in the field. It’s widely spread across the state with many world-renowned bookies operating right on the Strip. Also, Las Vegas online gambling sites have jumped at the prospect of being allowed to legally set odds for sports events.
Off-track Betting
Another point that differentiates Nevada among the other US states is the extent which off-track betting has. Nevada online gambling sites thrive at the prospect of simulcasting over 200 races worldwide. Therefore, whether in front of the giant screens in a casino in Las Vegas or online streaming, horse races preserve the adrenaline rush, even more so when a bet has been placed.
Social Gaming
This form of wagering using social media, more as a game among friends is permitted, although when faced with the prospect of playing in a Las Vegas online casino for real money, it might not seem like such an enjoyable play any longer.
Future Development
Online Casino Licensing
The next natural step for Las Vegas casinos is online gambling. For that matter, some of the biggest casinos on the strip lobby the regulation of licenses for Las Vegas gambling sites under their patronage.
Skill-based Slots
One of the recent innovation meant to revolutionize Las Vegas online casinos and slots industry as well as the insertion of these slot machines where the multiplier of the jackpot is not based on chance but on a game of skill, either against a computer set scenario or even against a human opponent.
Daily Fantasy Sports
Recently, it has been stipulated that the daily fantasy sports websites across NV state, actually represent another form of gambling and they have to fall under the rules of the Nevada Gaming Commission, thus changing the statute of all active remaining sites into Las Vegas gambling sites.
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Can I bet in online casinos or only in the classical brick and mortar ones?
Online gambling in Las Vegas is perfectly legal, the same way that land-based casinos are. While there aren’t any Vegas online casinos just yet, any other similar website that you deem trustworthy can be accessed to place your bets on.
Am I limited to online poker or can I access any other game?
State-based Las Vegas online casinos only exist in the form of poker rooms. But this doesn’t make it mandatory to solely play poker, as there are numerous other sites that have a wide array of games to choose from. Enlisting on those sites is completely legal.
How about sports betting? Is this illegal as in most US states?
Nevada holds a particular soft spot towards allowing sports betting, being one of few states that have this approach on the subject. Vegas casinos have online sports betting covered for easier access.
This is one of the rules that lawmakers are strict about respecting, meaning that in order to gamble on the territory of Nevada, one must be over 21 years old.
Can I withdraw money from online casinos in NV or is it just something I can do in physical casinos?
Yes, having the possibility of withdrawing money from these sites is a sure thing. Any Las Vegas online casino bases its activity on administrating the money that customers deposit, in the purpose of wagering, with the prospect of getting a hold of their future winnings. Therefore, disallowing the withdrawal of money would rapidly take them out of business.
Will the regulators allow other forms of betting in the future to come?
The options of Las Vegas gambling online are numerous and comprehensive, covering most of the customer’s requests. However, there still aren’t any state-based licensed Vegas online casinos, and this is surely a direction where lawmakers are going to set their focus next.