The State Racing and Gaming Commission approved the rules for sports betting in Nebraska last Friday, October 21st.
“What this means for Nebraska is that we are connecting the dots based on voter intent,” Nebraska Racing and Gaming Commission Chair Dennis Lee told reporters after Friday’s meeting.
The rules, which are already listed in state law, will go to the Attorney General’s Office for review. Subsequently, the policies will need to be approved by the governor and the secretary of state.
As per the approved rules, no betting would be allowed on any sporting event where the greatest number of athletes are under the age of 18.
Also according to state law, betting would only be allowed in person – in specific sports betting areas, including game rooms and kiosks. Gamblers could gamble with cash or vouchers, bonus credits, cash equivalents, chips, a funded account or debit cards.
“Under our bylaws, sports betting can only take place at physical locations,” said CEO Tom Sage. “There are no mobile stakes outside the facility, or even within the facility.”
Under state law, betting on any sports team on college competitions in Nebraska playing a game in the state would be prohibited.
Sports betting market in the United States
In recent years, the sports betting market in the United States has grown significantly.
As per the American Gaming Association, 2021 gaming revenue reached $48.34 billion by the end of November last year, breaking the industry’s annual record of $43.65 billion and 21.3% ahead of it. period of 11 months in 2019.
With the easing of restriction measures across the country in 2022 after the most accentuated period of the pandemic, the segment’s expectation is to break the annual revenue record again.
