Agreement gives the Company naming rights and ongoing access to local expertise and talent
Boston, MA and Las Vegas, NV – October 28, 2020 – DraftKings Inc. (Nasdaq: DKNG) today announced a multi-year agreement to become a primary sponsor of the Center for Gaming Innovation, housed within the International Gaming Institute (IGI) at the University of Nevada, Las Vegas (UNLV). The agreement includes the opening of the new DraftKings Gaming Innovation Studio at UNLV and provides DraftKings with access to local talent, while furthering the company’s ties to the Las Vegas community.
Sports betting in Nevada has been fully legal since 1949, and it is regulated by the Nevada Gaming Control Board. All NV sports betting sites need to be licensed and registered with the NGCB. The board enforces a strict oversight of all Nevada sportsbooks. Shortly after Avello was hired by DraftKings in October 2018, the Florida bettor took his business to DraftKings, the Boston-based DFS-turned-sportsbook company. This time, the bettor claims he received verbal authorization from Avello to continue placing wagers through a proxy.
“We’re excited to be working with the University of Nevada, Las Vegas and its highly regarded International Gaming Institute to further innovate global online gaming,” said Paul Liberman, DraftKings co-founder and President, Global Technology and Product. “Both DraftKings and UNLV are on the leading edge of developing the next wave of technology within the international gaming industry. Through this agreement, DraftKings not only has access to the latest ideas coming out of the Gaming Innovation Studio, but it also allows us to deepen our relationship with the Las Vegas community.”
In January 2020, DraftKings officially announced the opening of a 300-person office in Las Vegas, providing the Company access to some of the gaming industry’s top talent. The agreement with UNLV will create a pipeline to local talent and to innovations created at UNLV, which has a long-standing track record of success in commercializing gaming products, ranging from new games and software to Responsible Gaming technologies. Visitors to UNLV can expect to see new DraftKings Gaming Innovation Studio signage, as well as DraftKings branding, throughout the Stan Fulton Building.
“The creation of the DraftKings Gaming Innovation Studio at UNLV will substantially expand the scope and output of UNLV's gaming innovation program and will provide students the opportunity to collaborate in a professional setting, turning creative ideas into viable casino games,” said Daniel Sahl, Director of IGI’s Center for Gaming Innovation. “Now more than ever, we are delighted to collaborate with a company that is well-known for embracing innovation in gaming. This collaboration will help ensure that Nevada remains the global leader in gaming development and manufacturing – both now and in the future.”
About DraftKings
DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators across more than 15 regulated U.S. and global markets, including Arkansas and Oregon in the U.S. DraftKings’ Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR.
About University of Nevada, Las Vegas International Gaming Institute
For more than 25 years, UNLV International Gaming Institute (IGI) has provided research-based solutions, cutting-edge insights, and executive education to the gaming industry. Described as the “global intellectual capital of gaming” by former Nevada Governor Brian Sandoval and “The Harvard of Gaming” by Global Gaming Business, IGI houses several excellence initiatives, including the Center for Gaming Innovation, the International Center for Gaming Regulation, the Expanding the Leaderverse initiative, and the Hospitality & Esports Innovation Lab. Each of these addresses a vital need in the global gaming industry, for which the IGI serves as an answer center populated by an internationally recognized dream team of contributors. For more information, please visit igi.unlv.edu.
Forward-Looking Statements
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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All over the world, thanks to its land-based casinos, Nevada is well-known as the most popular gambling oasis. However, even if Nevada online sports betting is legal, it’s only restricted to mobile applications.
For decades, Nevada sports betting was the only form of legal wagering in the country. Following the 1992 passage of PASPA legislation, Nevada sportsbooks had an effective monopoly in US sports gambling.
With PASPA now struck down, Nevada betting sites are eyeing untapped new markets in the nation. Decades of experience give NV sports betting sites a sizable advantage over would-be competitors. Many of the best-known gambling brands on Earth are based in the state.
In the past couple of decades, Nevada online sports betting has taken a firm hold on the Nevada wagering scene. The internet changed the game forever, with Nevada sports betting apps and online bookmakers dominating the market. Up next, we’ll take a look at the top Nevada sportsbooks in the market.
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As we have already said, Nevada Online Sports Betting is restricted to mobile applications. It means that within the state of NV, you can’t place a bet over a desktop or mobile site. You must have a Nevada sports betting application, and then you’ll be all set to start placing bets.
Fortunately, most of the US top sports betting sites provide betting app for their users. So if you are searching for leading wagering applications, we highly suggest you check out the following ones:
The most significant advantage of sports betting app is that you can place a bet and withdraw any potential winnings without even leaving your home. With the newest technological developments, gone are the days you’d have to go all the way to the retail sportsbook to place a bet.
Simply by using a sports betting app, people can usually register and access all the available services of the given operator. However, that’s not quite the case when it comes to Nevada.
You can use the mobile app just like in any other state where online betting is legalized and regulated, but you can’t register via the app. To open a new account, you must visit the retail sportsbook or land-based casino where the sportsbook is based. Once you register and get your login credentials, you’ll be able to sign in on your Nevada online sports betting app.
The following bookmakers are the most outstanding operators in the state. All of them have their own licensed Nevada sports betting apps, for added convenience.
MGM is one of the world’s most famous entertainment companies. Managing multiple properties across the globe, MGM has grown into an internationally-recognized brand. In recent years, the operator unveiled BetMGM, its official sportsbook app.
BetMGM is one of the most popular Nevada sports betting apps available today. The BetMGM website is also among the best Nevada betting sites on the market. The sportsbook, licensed through the MGM Grand casino & sportsbook, has millions of clients across several US states.
As with other Nevada betting sites, you can only place wagers through the app itself. Luckily, you don’t need to visit the physical casino in order to register. Players can sign up using the app, which requires a SSN and other personal information.
You’ll also have to register for the M life rewards program. This ID will be your login for the BetMGM app. Once you’re in, the app is quite powerful. BetMGM boasts multiple convenient funding methods and a broad range of sports to wager on.
Popular betting markets are available, such as moneyline, over/under, or spread betting. Using the app is quite simple and intuitive. It features a sleek, polished design, with an approachable layout and helpful menus.
The Caesars Palace Sportsbook is one of the most prominent NV sports betting operators. Founded by Circus Circus owner Jay Sarno in 1966, Caesars Palace is part of Vegas history. Today, the casino operates one of the country’s most luxurious sportsbooks.
You can visit the Caesars Palace Sportsbook and wager on horse racing, national or international sports. It’s a huge facility, packed with enormous LED displays, a restaurant, and a bar. It’s a premier destination for NV sports betting.
The Caesars Sports app allows customers to place sports bets from anywhere in the state. By betting through the app, players can accrue comps, which can be redeemed at various Caesars-affiliated properties.
The app is available for Android and iOS mobile devices. In order to install the NV sports betting app, you’ll need to visit the physical sportsbook first. Afterwards, you can gamble anywhere in the state. You can fund your Nevada sports betting apps account using a Caesars Entertainment Play+ card.
Using Caesars Sports, players betting in Nevada can wager on the same sports and races available in the brick-and-mortar sportsbook. The app also comes in handy when you visit the sportsbook. You can use it to book a room in the hotel, and even order a meal.
William Hill is one of the few Nevada sportsbooks that actually predate Las Vegas itself. Established in London in 1934, William Hill joined the ranks of Nevada betting sites in 2012. Since then, it’s partnered with multiple American casinos and bookmakers.
As with many other Nevada sports betting apps, you can sign up online, but must activate your mobile app in person. You can find special kiosks for just this purpose at several affiliated casinos and sportsbooks in the state. Once your activation is complete, you may start using the app.
There are both Android and iOS versions available through the William Hill NV website. After the app is installed on your device, follow the video instructions on the website. As a final step, you’ll have to visit one of the William Hill Nevada sportsbooks to register the mobile account.
It’s a cumbersome process, but the operator more than makes up for it with quality. The WH app benefits from the bookmaker’s many years of online and mobile experience. It’s a smooth interface with a colorful design, packed with countless betting options.
William Hill offers markets across dozens of sports and leagues. You can place all kinds of traditional and exotic wagers, parlays, prop bets, and specials. It also features highly competitive betting odds across the board.
Wynn Sports is the Nevada sportsbooks arm of the Wynn Las Vegas, a vast resort and casino on the Strip. Erected on the site of the former Desert Inn Hotel, the Wynn opened its doors in 2005. The resort features a large sportsbook area packed with LED displays and comfy seating.
Much like with other Nevada sports betting apps, you need to visit the Wynn in person in order to register your account. After registration, you can use the app for betting in Nevada anywhere within the state. The app is available for iOS and Android mobile devices.
For players on the go, Wynn operates one of the most popular Nevada betting apps in the city. The Wynn Sports app packs hot gambling action across a range of sports and leagues. The app itself features a dark color scheme and a very intuitive layout.
Finding your favorite sports and betting markets is effortless. Making a wager is quite simple. All you need to do is find events that interest you, pick a market, and tap on a betting line. You can fine-tune your wager using an interactive betting slip. It also lets you build your own parlays, round robins, and teasers.
Betting in Nevada is a relatively straightforward process. Generally speaking, players have two options to wager in the state. First, you can visit physical Nevada sportsbooks to make your wagers. If you happen to be in Vegas, visiting local bookmakers is a memorable experience.
When you need to gamble on the go, though, Nevada sports betting apps are the best solution. They offer a simple, legal, and reliable way to place your wagers from anywhere in the state. NV sports betting fans in Henderson, Reno, Carson City and more can use the apps freely.
Next up, we’ll briefly review the legal history and current status of Nevada sports betting.
The legal history of betting in Nevada is long and storied. In the 19th century, gambling was legal in the state. That changed in 1909, when legislature passed an anti-gambling law. At the time, Nevada sportsbooks were the only legal bookies in the nation.
By 1931, the Great Depression was wreaking havoc on state budgets all over the United States. In a desperate bid to increase revenue, the state backtracked on the 1909 law, legalizing gambling once more. Nevada sports betting would become legal in 1949.
For several decades, the state was the only safe haven for gamblers in the US. This largely drove the development of Las Vegas in the 60s. In 1977, New Jersey legalized gambling in Atlantic City, finally creating some competition.
With the passage of the Professional and Amateur Sports Protection Act of 1992, future sports betting legalization was barred. NV and NJ sports betting legislation, decades older than the act, remained unaffected. This gave NV and NJ a monopoly of sorts on sports betting, for a while.
As time went by, more states warmed up to the idea of gambling. Parimutuel (horse) wagering was legalized in a number of states over the years. Eventually, PASPA was struck down, and the sports betting industry thrived. Nevada sports betting apps started crossing over into newly-legal markets.
Nevada online sports betting has changed the face of gambling in the state. Conveniently available wherever you are in NV, online apps let you take your bookie on the go. However, initial setup and registration can be somewhat vexing for new players.
Follow the steps below to start your Nevada online sports betting experience on the right foot:
Not all Nevada betting sites follow the same procedure, so your mileage may vary. A few may skip one or two of these steps, or change the order around a bit. They should hold more or less true across the vast majority of Nevada sports betting apps, though.
There’s a ton of Nevada sports betting action out there. The state is home to many popular sporting events. In addition to that, NV sports betting markets are among the richest and most diverse in the nation.
Up next, we’ll review some of the most popular events in Nevada sports betting.
When betting in Nevada, there are many different kinds of wagers you can place. Nevada betting sites offer a huge selection of betting markets for you to explore. Below, we’ll explain some of the most popular Nevada sports betting markets.
Daily fantasy sports have taken the US by storm in recent years. Existing in a gray area between chance and skill, DFS managed to penetrate many markets where sports gambling was illegal. Ironically, though, NV sports betting legislation has been an issue for DFS sites.
State legislators have found daily fantasy sports to fit NV’s definition of gambling. Therefore, operators in the space would need a costly gambling license, and all the paperwork and oversight it entails. Both FanDuel and DraftKings have so far shied away from this process.
In 2020, DraftKings opened up its first office in the state. The company still doesn’t provide its services to Nevada-based customers, though. It’s a call center operation, processing a range of IT incidents, customer experience issues, and fraud claims.
At the moment, both companies are lobbying the state to pass new Nevada sports betting laws specific to DFS. This would include a special DFS license that’s separate from general NV sports betting licenses. FanDuel and DraftKings’ lobbying efforts are yet to bear any fruits.
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If you’re a fan of professional sports leagues, there are plenty of outfits to root for in the state. Local teams are always popular with Nevada sports betting fans. In fact, Nevada online sports betting operators often offer special promotions or boosted odds for local teams.
NV sports betting fans had to wait decades to back a local team in NFL betting. The state was home to several attempts at competing with the NFL, though.
They included the Continental Football League, a Canadian Football League expansion, and the Arena Football League. Now, the state boasts its first NFL team.
Las Vegas Raiders betting
The Raiders are a storied team in the NFL, originating in Oakland back in 1960. After 22 years in Oakland, the Raiders relocated to Los Angeles. They played in Memorial Coliseum until 1994. The next year, the Raiders returned to Oakland, finally moving to Las Vegas in January 2020.
The Las Vegas Raiders compete in the NFL's AFC West division. Their homefield is Allegiant Stadium, a domed stadium in Paradise, Nevada. Team headquarters are located in Henderson.
In the Las Vegas Raiders' very first game, the team defeated the Carolina Panthers. Their first home game against the New Orleans Saints also went their way, a little over a week later. Nevada online sports betting fans were quick to embrace the team.
Nevada sports betting fans who follow the NBA have long been out of luck when it comes to local teams. The state has never been home to a single NBA franchise, despite the league’s popularity with Nevada betting sites.
Professional basketball fans do have a couple of options, though. The state has a top-ranked WNBA team, owned by MGM Resorts.
Las Vegas Aces betting
The Aces were founded as the Utah Starzz ahead of the WNBA's 1997 inaugural season. They moved to San Antonio in 2003, becoming the Silver Stars (and then the Stars). By 2018, the team made its final move to Las Vegas, becoming the Aces. In Las Vegas, the team has enjoyed considerable success.
They made the playoffs in two out of three seasons since 2018. In 2019, they won the Western Conference and lost the WNBA finals to the Washington Mystics. In 2020, they repeated their conference win and finals loss, this time against the Seattle Storm. In a few years, Bill Laimbeer’s squad has made considerable inroads with Nevada sports betting fans.
For a long time, Nevada sports betting fans had to settle for backing local minor league hockey squads. Recently, though, local NHL fans saw the first professional team founded in the state: the Vegas Golden Knights.
Vegas Golden Knights betting
The Vegas Golden Knights are a professional ice hockey team, playing in the NHL's Pacific Division. Their home field is the T-Mobile Arena, right on the Vegas Strip. They made their debut in the 2017-2018 season as an expansion team.
Usually, expansion teams have a tough time playing in competitive leagues. The Golden Knights have been quite the exception though, reaching the Stanley Cup Finals in their first season.
They've won two division championships and a conference championship since then. The team is a local favorite on many Nevada sports betting apps.
Las Vegas Lights betting
The Las Vegas Lights are a professional soccer team playing in the USLC. Founded in 2017, the team plays in Cashman Field. They made the playoffs in the 2019 season, finishing 13th overall. As a lower profile team, they’re often not covered by Nevada betting sites.
Beyond professional sports, Nevada sports betting fans have a few local collegiate teams to back. They include both NCAAF and NCAAB teams.
UNLV Rebels
The UNLV Rebels represent the University of Nevada, Las Vegas in the NCAA’s Division I Bowl Subdivision (Mountain West Conference). Dating back to 1968, the program currently shares Allegiant Stadium with the Las Vegas Raiders.
Nevada Wolf Pack
The Nevada Wolf Pack represent the University of Nevada, Reno. Like their long-time rivals, the Rebels, the team plays in the NCAA’s Mountain West Conference. The team was founded in 1896, and currently play in Mackay Stadium.
UNLV Runnin' Rebels
The Runnin’ Rebels represent UNLV in men’s basketball, playing in the NCAA’s Mountain West Conference. It’s one of the most prestigious collegiate basketball programs in the US, and a fan-favorite with Nevada sports betting apps.
Nevada Wolf Pack
The Wolf Pack is also the name of the University of Nevada, Reno’s men’s basketball team. Playing in the Mountain West Conference, the team has won five championships since 1913. Their rivals are the Runnin’ Rebels, and a favorite with Reno, NV sports betting fans.
Below, we’ll tackle common questions from players about Nevada betting sites, physical Nevada sportsbooks, and Nevada online sports betting in general.
Legal betting in Nevada is available through several providers. You can visit physical Nevada sportsbooks all over the state, with the most luxurious located along the Strip. In addition, Nevada betting sites offer mobile apps for wagering. You’ll need to activate Nevada sports betting apps in person at local sportsbooks to play, though.
Sports betting in Nevada has been fully legal since 1949, and it is regulated by the Nevada Gaming Control Board. All NV sports betting sites need to be licensed and registered with the NGCB. The board enforces a strict oversight of all Nevada sportsbooks, ensuring transparency and fairness in all gambling activities.
Registering with Nevada online sports betting sites is a bit of a hassle, but definitely worth it. NV sports betting sites are all affiliated with land-based Nevada sportsbooks. Most are located within the casinos, though a few are standalone betting houses.
To register, you’ll have to complete a mobile sign up form and visit a NV sports betting establishment in person. You’ll have to provide your name, address, SSN, and other personal details.
After your account is activated, you can visit Nevada betting sites and download their apps. Registering Nevada sports betting apps always requires visiting a physical sportsbook, at least the first time does. After your account is activated and your app is registered, your Nevada online sports betting can begin.
Absolutely! Nevada betting sites are licensed and regulated entities. The state’s gambling oversight agency ensures that all Nevada online sports betting operators follow proper safety protocols. They include secure servers, SSL/TLS technology, encrypted connections, and more.
Nevada sports betting apps are similarly safe. Do make sure you only install apps downloaded from official NV sports betting sites. Downloading apps from third parties can be risky, as there’s no guarantee they haven’t been tampered with. Your funds may be in danger in this case.
Indeed, you can. Nevada sports betting apps are the main channel for web-based sports wagering in the state. Unlike online sportsbooks in other states, Nevada sports betting sites don’t directly provide gambling action on the browser. Instead, players need to download and register a licensed app.
Yes and no. Technically, daily fantasy sports are legal in the state, regulated by Nevada sports betting legislation. However, US DFS operators have so far resisted this classification under Nevada sports betting state law. To avoid having to register as gambling operators, companies have so far opted out of the legal NV market.
There are countless casinos throughout the state, many of which are among the most famous in the world. Nevada sports betting takes place primarily through the license of established casino operators.
Each of the largest casinos in the Las Vegas Strip offers Nevada sports betting action around the clock. Comfortable lounge areas, large LED screens and surround sound systems make them a gambler’s paradise.
Some of the largest casinos offering Nevada sports betting include the following:
That’s just the tip of the iceberg, though. According to the NGCB, more than 400 casinos are open for business in the state as of 2020. The vast majority of them offer Nevada sports betting markets for a range of sports.
As you can see in our article, for the time being, there’s only one possible way to enjoy Nevada online sports betting - through betting applications. These apps offer you all you can find at other legal and regulated top sports betting sites all across the USA: great range of available sports and betting options, special promotions and bonuses, effective customer care, etc.
Nevada sports betting is a thrilling, engaging activity that you can partake in throughout the state. Gambling is an institution within NV, with decades of tradition under its belt. It’s the perfect place to fall in love with sports wagering.
Anyway, before you decide to sign up for any of the operators, make sure that it is licensed and legal in NV. While registering, don’t forget to check out for the brand’s special offers.
Other states where you can place an online sports bet :
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