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Compliance Updates

2021-49 Adoption Of Amendments To Regulations Of The Nevada Gaming Control Board And Nevada Gaming Commission

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Nevada Gaming Control Board: Notice 2022-46 Courtesy Notice of regulation amendment items to be heard during the June 2022 Gaming Control Board regular meeting

 

At its meeting on May 20, 2021 the Nevada Gaming Commission adopted amendments to regulations as follows:

  • NGC REGULATION 5.110: Progressive Logging Requirements
    Draft dated May 6, 2021, with amendments
    Effective upon adoption

To obtain a copy of the regulation amendments, please call the Executive Secretary’s office at (775) 684-7750, or submit a written request addressed to the Executive Secretary, Nevada Gaming Commission, P.O. Box 8003, Carson City, Nevada 89702-8003.

The above regulation is available on the Commission’s website at gaming.nv.gov/index.aspx?page=51

Compliance Updates

Arizona Department of Gaming Announces Allocation for Event Wagering License for Fanatics

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The Arizona Department of Gaming (ADG) announced that it has allocated an event wagering operator license to Fanatics Betting and Gaming as the designee for Tonto Apache Sports Betting, an organization of the Tonto Apache Tribe, pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106.

On January 16, 2024, ADG announced that it would begin accepting applications for available event wagering licenses, which included one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).

The application window for event wagering licenses opened on February 16, 2024, and closed on March 4, 2024. Applicants were required to submit their completed applications within this timeframe in order to have been considered for an event wagering license.

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Compliance Updates

Minnesota Senate Committee Advances Sports Betting Bill

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The Senate Tax Committee advanced legislation authored by Senator Matt Klein (DFL – Mendota Heights) to legalize Sports Betting in Minnesota. This was the second time the bill has been heard in Taxes, after making a stop last year. The hearing focused on changes to tax rates and revenue disbursements.

Senator Aric Putnam (DFL – St. Cloud) offered an amendment that made several major tax and revenue related changes, which were adopted by voice vote. The tax rate was changed to 20% on net revenues from sports betting. Revenues as a result of that change would then be dispersed to:

(1) 20% for tax relief for charitable gaming organizations,

(2) 10% for treatment and awareness programs for problem wagering,

(3) 15% for Explore Minnesota Tourism for large sporting events,

(4) 5% to the Minnesota Racing Commission for racetracks,

(5) 5% for the Minnesota State High School League for youth sports and activities,

(6) and the remainder to the general fund.

Senator Klein said: “The changes made in Senate Taxes Committee today have made this a better bill for Minnesotans. I am thankful for the committee’s thoughtful consideration of this legislation and willingness to work toward the best balance of needs and interests.

“As a result of this work, we are now able to support our allied charities who engage in gaming so they can continue the good work they do for our state. We are also able invest in the state high school league’s ability to foster participation in a wider array of activities, attract more large sporting events to Minnesota, and continue to focus efforts on problem wagering awareness.”

SF1949 passed the Senate Taxes Committee as amended and was referred to the Senate Finance Committee.

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Arizona

Arizona Department of Gaming Announces Allocation for Event Wagering License

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The Arizona Department of Gaming (ADG) announced today that it has allocated an event wagering operator license to Fanatics Betting and Gaming as the designee for Tonto Apache Sports Betting, an organization of the Tonto Apache Tribe, pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106.

On January 16, 2024, ADG announced that it would begin accepting applications for available event wagering licenses, which included one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).

The application window for event wagering licenses opened on February 16, 2024, and closed on March 4, 2024. Applicants were required to submit their completed applications within this timeframe in order to have been considered for an event wagering license.

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