Sports handicapping/touting issues

Discussion in 'Legal Issues' started by embarq, Aug 11, 2008.

  1. #1
    Though I'm not aware of any legalities against sports touting per-se in any of the 50 states, I did the logical thing and started a Nevada corporation to open up my online service. No big deal there. My question is, though, since I now have a Nevada corporation with a Nevada office (an actual office, not just a PO box or mail forwarder service), am I able to apply for any Nevada-specific gaming licenses that may allow me to do certain other gaming that non-Nevada corporations cannot do? I'd love to operate my own sportsbook but I'm fairly certain that the bettors would need to be in the State of Nevada as well.
     
    embarq, Aug 11, 2008 IP
  2. mjewel

    mjewel Prominent Member

    Messages:
    6,693
    Likes Received:
    514
    Best Answers:
    0
    Trophy Points:
    360
    #2
    Nevada does not allow any type of online betting. If you lived in Nevada and wanted to open up a location that allowed gambling, you would need to apply, be approved, and pay for a gamng license. Having a Nevada corporation doesn't give you any specific rights as far as gambling. Many of the large gaming operations are incorporated in Delaware - but online financial transactions related to gambling are illegal in the US.
     
    mjewel, Aug 11, 2008 IP
  3. embarq

    embarq Peon

    Messages:
    100
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #3
    Thanks for the info, I'll research the Delaware aspect of it.
     
    embarq, Aug 12, 2008 IP
  4. mjewel

    mjewel Prominent Member

    Messages:
    6,693
    Likes Received:
    514
    Best Answers:
    0
    Trophy Points:
    360
    #4
    I hope I didn't confuse the matter, but the point I was making was that it doesn't matter about what state you are incorporated in, any online payment for gambling is going to be illegal anywhere in the US. If you want to open up a physical location in Nevada, and operate a non-internet based operation, you apply for a gambling license regardless of where you are incorporated in - being incorporated in Nevada, or any other state, doesn't give you any special gambling rights.
     
    mjewel, Aug 12, 2008 IP