Last week the Nevada Gaming Control Board posted the following notice:
“The Board recognizes the potential impact the United States Supreme Court’s decision in Murphy v. NCAA could have on Nevada’s sports wagering industry. In addition, various divisions of the Board are presently reviewing Regulation 22 (Race Book and Sports Pools) to determine which, if any, regulations need changes. As such, the Board would like comments from the industry regarding changes it feels are appropriate for Regulation 22. Please submit your comments no later than August 6, 2018.”
In the past when I would read these type of notices, I would chuckle, knowing most of the time the agency had already decided what they wanted to do and were simply following the state’s requirements to notice the industry. This time though, they might just be listening as to what regulations need to change to accommodate those Nevada bookmakers who are looking to centralize the management of their sportsbook operations, and I sincerely hope they do listen.
Sportsbooks have always been a challenge for regulators – lines made based on opinions; movements made based on recent and expected action and/or changes in team/player information; diverse lines between books – no simple basic math for the reviewing regulators to rely on, so confusing for the inexperienced.