This desk exists to set out what the vetted Nevada wagering entities have published about themselves, in one place and in one format, so that the terms of each can be compared line against line. Every figure below is quoted from the entity's own statement and carries the date that statement was made.
On June 2, 2015 Nevada ratified Senate Bill 443. The bill allows an individual or group to form a business entity which seeks out investors from anywhere in the world, with the purpose of placing wagers on the outcomes of sporting events to profit and divide between the group. The law's purpose is to increase tax revenue due to the increased sports betting handle, slow the flow of American money being spent offshore with illegal bookmakers, and create transparency in the domestic sports betting market.
The law itself is not complicated, but can also be very vague. This has caused all but one sports book and bank in the valley to take a wait and see approach. The law is now over a year old and progress has been slow adapting it to the sports betting scene in the state. This will change rapidly as the firms begin to show consistent returns, more entities get vetted, and additional sports book operators become involved.
Nevada has created a new investment vehicle similar to a mutual or hedge fund. This form of investing is so new that the individuals getting involved now will shape the future of the sport wagering industry.
The statute and the entity structure, point by point