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Licensing Online Gambling

Though online casino gambling is not currently a very popular in Nevada, (the state is a number one land gambling destination) legislators are looking into passing new regulations and laws that would license the industry in Nevada. A recent UCLV study indicates that internet gambling is happening across the state, and though it is still small- scale, the Nevadan government could be benefiting from the online casinos gambling activities of its residents if it chooses to license the industry – and that would in turn make the pastime safer for online gamblers.

Though the study concluded that only 1 out of 10 of the respondents gamble online, and the other 9 out of 10 would not participate in online casino and gambling activities even if it were licensed in Nevada, there is a market for internet gambling. And the current online gamblers would feel more secure gambling online if it were regulated.

And beyond the interest of the Nevadan gamers, online casino and internet technology companies are interested in using Nevada as an emerging market for new internet sportsbetting gambling. Those companies are specifically interested in Nevadan gamblers and would focus the internet casinos sites at Nevada residents.

The Control Board Chairman in Nevada, Dennis Neilander commented that if online casinos and internet gambling “is something that is going on, isn't this something we ought to regulate and tax?” For that reason, the board requested the research study by UCLV. He remarks “We felt you really can't make decisions without appropriate research.”