By
Blake Roberts
Founder & Editor in Chief Updated: 13 July 2024
Blake Roberts Founder & Editor in Chief
Blake Roberts is the founder of Betting.US and is currently heading the creative team as Editor in Chief. Born and raised in Morgantown, West Virginia, Blake is a great sports fan, with football and basketball being his favorite. He’s our trusted voice for all betting-related matters.
According to reports, the Nevada sports betting sector is facing serious revenue declines due to stringent in-person registration requirements for mobile betting accounts. This requirement is increasingly seen as an issue when it comes to the state’s potential to capitalize on the thriving sports betting market.
In 2018, when the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), it ended Nevada’s monopoly when it came to regulated sports betting. However, industry experts have said that they did not realize how Nevada’s strict regulations would limit its growth compared to other states that adopted more flexible approaches.
Under current Nevada regulations, bettors must visit a casino in person to complete registration paperwork for each mobile sports betting account they wish to open. This then becomes a time-consuming and inconvenient process, particularly for those wishing to register on multiple platforms.
A gambler looking to use BetMGM, Caesars Sportsbook, and Circa Sports would have to visit three separate casinos to set up accounts with each. This process contrasts sharply with states like Arizona, where online registration allows bettors to set up accounts from their mobile devices without visiting a casino.
The impact of the process was highlighted in April when Arizona’s sportsbook operators recorded $87 million more in bets than their Nevada counterparts.
Officials said that in the previous year, Nevada sportsbooks had taken in $1.7 billion more in bets than Arizona. Yet, despite the higher betting volume, Arizona’s sportsbooks generated nearly $77 million more in revenue. Industry experts said that this highlights the disadvantage that Nevada faces as a result of its outdated sports betting registration regulations.
Michael Schaus, founder of Schaus Creative LLC, said,
On its face, this seems like a minor annoyance for potential consumers, but that minor annoyance actually has a tangible impact on the local market.
The disadvantages of Nevada’s rules are said to affect many local residents who are interested in sports betting. Many Las Vegas locals avoid the Strip where they must register for major sportsbook accounts.
This then limits their options to platforms offered by Boyd Gaming and Red Rock Resorts which are available off the Strip. As a result, they have restricted access to sports betting apps and experiences.
Industry officials have criticized the in-person registration requirement, stating that it hinders the growth of Nevada’s sports betting industry. Experts predict that unless Nevada reforms these regulations, Arizona could continue to widen the revenue gap, potentially exceeding Nevada by $100 million to $200 million annually.
The call for Nevada to modernize its sports betting registration process continues. Stakeholders have argued that adopting a more digital-friendly approach would not only make sports betting more accessible to residents and visitors but could also have a huge positive impact on the state’s tax revenue from the sports betting market.
Many sports fans in the state are also eager to see changes made, as this would then provide them with a far more convenient and straightforward method of registering.
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