Nebraska retail sports betting on the way after the governor signs the gaming bill

Nebraska Sports betting law was signed by government Pete Ricketts last week.

Ricketts approved the legislation Tuesday, less than a week after the final vote of the unicameral parliament about LB561, a game expansion law that includes sports betting in Nebraska.

While the governor’s signature after a 44-3 Legislative vote and electoral mandate, Ricketts had previously voiced his opposition to gambling. The bill only allows personal sports betting in Nebraska.

Nebraska voters get a wish

in the November 2020, voters agreed to an expansion to include “games of chance” on the state’s six commercial horse racing tracks. The expansion did not explicitly include sports betting.

It is. Tom Briese introduced the bill and politicians included retail sports betting in the casino gaming expansion.

“That mandate is that they want racetrack casinos and the property tax breaks they give. They have approved all games of chance, including sports betting and similar games, by law, ”said Briese after the adoption.

“I introduced LB 561 to clarify what voters approved and to provide some parameters that are consistent with both what voters mandated and Nebraska values.”

What’s on the Nebraska Gambling Bill?

LB 561 contains a constitutional amendment to allow the expansion of gambling in the state.

It is hiring State Racing and Gambling Commission Creation and monitoring of gambling regulations in the Cornhusker State.

Sports betting in Nebraska is restricted to certain areas within casinos. Bettors will be able to place their first sports bets later this year, depending on the casino schedules.

Sports Betting Restrictions in Nebraska

Nebraska lawmakers have made a number of decisions that limit the sports betting revenue the state can generate. The law prescribes the state tax 20% Casino Income Tax.

First of all, the Nebraska sports betting restriction to retail sports betting will reduce attendance. Bettors can go to neighboring states such as Colorado and Iowa to place bets on their phones or continue to bet illegally.

Second, an amendment was passed banning state college sports betting in Nebraska to ensure the law gets enough votes to pass it. In a state devoid of professional sports and home to a significant college football culture, this could hurt revenues more than estimated fifteen% some experts suggest that government bans can restrict a market.

Another state is legalizing sports betting

Despite the restrictions, Nebraskans will soon be able to bet on some sporting events in their state.

Ricketts joins a growing number of governors who signed sports betting laws this year:

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