Election Betting in Nevada? Gov. Brian Sandoval hates the Idea

posted in news

After trying and failing last year, Nevada State Senator Tick Segerblom (D-Las Vegas) is once again attempting to get election betting established in the Silver State. Last year, his bill passed the Nevada State Senate by a 14-7 vote. However, Segerblom’s legislation died when the Assembly Judiciary Committee chose not to even vote on the matter.

In the state senator’s latest push to get election betting legalized, he argues that the activity would be a boon for the state’s economy. Many Nevada sportsbooks have been stagnant in recent years. So Segerblom sees election wagering as something that could give the industry a jolt.

One more point that he makes involves unregulated offshore sportsbooks. Segerblom contends that allowing wagering on the US Presidential Election and other elections would prevent offshore books from funneling money out of Nevada.

One Big Roadblock

While Segerblom’s idea is definitely being considered by Nevada politicians, there is one very important person in the state who doesn’t like it. Governor Brian Sandoval, who calls himself a “traditionalist” in regard to betting, believes that Nevada is doing just fine with their current offerings.

“As I think through it, unless I’m convinced otherwise, it is not something I would support,” he told the Las Vegas Sun on Friday. “The state has done fine on sports and horse-race betting and other events.”

Sandoval isn’t the only one in Nevada who questions the thought of legalizing election betting. State Sen. Greg Brower (R-Reno) gave an even stronger opinion than the Governor, stating that he thinks it’s inappropriate and politics should not be part of gambling.

But even if this is true, it doesn’t change the fact that election betting means big money. Last year, English sportsbooks pulled in roughly 20 million pounds ($33.5 million) through political betting. With the 2016 US Presidential Election coming up in two years, these sportsbooks are in for an even bigger revenue spike.

Comments are closed.