Nevada Could Be Planning A Shift to Cashless Sports Betting

Nevada Could Be Planning A Shift to Cashless Sports Betting

June 25 could be an important date for sports betting enthusiasts in Nevada. The Nevada Gaming Commission will be holding a public hearing on this day to make sports betting options available to users at sportsbooks and racetracks without using cash.

Funding accounts via mobile

The Commission released its agenda for the hearing on Friday, suggesting that sports betting could go cashless in the state. Users will simply need to fund their accounts right from home using a mobile device. Note that Governor Steve Sisolak has already announced that casinos will be able to reopen with strong precautions on June 4.

Nevada Could Be Planning A Shift to Cashless Sports Betting

Their plan states that the Commission will consider some amendments that allow the transfer of money electronically to a game or a gaming device. This could be useful to save some punters from going to the casinos and would be helpful in cutting short human interaction in casino premises. The legislative director of the National Council on Problem Gambling, Brianne Doura-Schawohl, said,

“It looks like it’s going to be an expansion to go over all forms of gaming, including sports betting.”

Easier access for users

Global Marketing Partners’ Brendan Bussmann said that casinos have been hesitating in allowing mobile funding from players from home. This is because the users will be less inclined to spend money on their property. He talked about New Jersey and said that one doesn’t have to go to a casino to fund their account. He also referred to the measures taken by South Point Casino and William Hill to ensure that bets kept coming while the properties were shut down. He said that a property doesn’t need to set up a drive-thru to allow users to fund their accounts.

In New Jersey, about 84% of the $4.5 billion in wagers came via mobile devices in 2019. It gives bettors the convenience and ease of usage that they like. About a third of the population said that they may not be comfortable using cash as it may lead to the spread of the virus. Helping casinos go cashless would be useful in getting them up and running, opening further revenue streams, and ensuring that the lives of their employees and guests are not in danger.

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About sherlock

Sherlock Gomes loves to write and express his views on anything related to Gaming, Gambling, & Casino. He has been covering Gaming for more than two years now.

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