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Nevada – Online Casinos & Gambling Regulations
There is not a state in the country that is more synonymous with gambling than Nevada. Home to vast swathes of arid desertland with Las Vegas acting as a shining beacon for many a traveler. Known as the gambling capital of the world for decades, Las Vegas was only recently surpassed by Macao. The Silver State is still a massive attraction nonetheless and is able to attract tens of millions of visitors every year. While gambling remains the big draw for tourists, locals also benefit from online gambling legislation that is at least more liberal than most other fellow states.
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More information about Nevada – Online Casinos & Gambling Regulations
While online Poker and sports betting are both perfectly legal for Nevada residents, there are still no regulations regarding online casinos. Online casinos are therefore unable to apply for any license to operate in the state, however, locals are still able to access sites that are licensed abroad instead. As there is no regulatory authority, there is an increased risk of coming across an illegitimate operation. That is why it is always best to take the time to consider the efficacy before registering any of your details. Asking yourself a few important questions, checking in with trusted sources and looking at player reviews are all good ways to test the reliability of a casino, ensuring that you minimize the exposure to risk you face when gambling online.
- Is the casino licensed?
- What are the main policies of the licensing authority?
- Will you be able to register from Nevada?
- Are your preferred payment methods available?
- Will you be eligible for any promotions or loyalty programs?
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Nevada first began legalizing gambling activities back in 1934, as a direct result of the economic pressures brought about by the Great Depression. Sports betting also became regulated in 1949, making Nevada the only state with a legalized sports betting all the way up to 2018. The 2018 dissolution of the Professional and Amateur Sports Protection Act allowed individual states to decide on their own sports betting regulations, thereby ending Nevada’s sole share of the market. Online Poker became regulated in 2011 and since then not much has changed on the online scene. While other states like New Jersey and Pennsylvania have committed to providing a fully regulated market, Nevada remains an unregulated state.
Overseas online casinos are very much accessible to Nevada locals, despite them not having the authority to operate in the state. They instead carry their own licenses acquired by jurisdictions that are set up in abroad territories. It is the responsibility of a nation’s government to block access to these sites, which appears to be an impossible task. Players are therefore able to find plenty of choices online, despite the fact that the activity remains in a gray-zone.
Online casinos already have features in place that make them well equipped to provide localized services for US players. Despite most of the country being restricted to online casinos, several industry practices happen to coincide with US preferences. English language settings, currency and payment options are all common occurrences at online casinos. Big US events like the Superbowl and the Kentucky Derby are also heavily featured at overseas sites, as these draw in huge crowds from around the world. The recently regulated markets of certain states like New Jersey have provided a green light for more online casinos to start offering more US-focused characteristics.
US dollars are commonly used by online casinos, despite most of them not being authorized to offer their services to US players. This is due to the fact that dollars act as a default option for players whose local currency is not supported. Nevada residents will therefore have no problem in finding an online casino to play at using US dollars. Payment cards, E-wallets and bank transfer options are all common payment methods that players can use to deposit US dollars. E-wallets have been particularly popular, due to them being able to facilitate quick transactions online without needing to include the bank. Cryptocurrencies have also become increasingly popular for many of the same reasons.
You can’t talk about gambling in Nevada without mentioning Las Vegas. A city born in the desert filled with lights and casinos. The famous Las Vegas strip was seen as the Mecca of gambling for decades with its neon lights and decadent architecture. Venues like the Bellagio, MGM Grand and Caesars Palace are all world-famous casinos that are often featured in movies and other pop culture. Currently, there are around 130 land-based casinos in operation in Las Vegas alone. This doesn’t include the various sportsbook operations, both online and offline, and online Poker platforms available to residents. This already above and beyond what one can expect to find at most other US states, however, the online gambling regulations still leave quite a bit to be desired. Unfortunately, there doesn’t seem to be that much motivation to enact any changes soon. It is therefore suspected that Nevada is still quite a number of years away from getting to the same regulated conditions of online operations that other states have recently managed to achieve.