Online betting Nebraska
Although it is still too early to talk about online betting in Nebraska, we remain hopeful that this dream will come true soon. Sooner than you think. States like Colorado and New York have joined the world of online gambling. Therefore, seeing the new steps forward in the gaming industry in Nebraska, we can almost guarantee that the next step will be the legalization of online betting in the state.
Top online betting sportsbooks looking to reach Nebraska
We emphasized “almost”, since speculating in the world of online betting and gambling is almost like doing it in an any game of chance. One of the main aspects that play against the insertion of online betting in Nebraska is its low population number.
It happens in Nebraska, similar to New York. Rather, to what was happening to New York. Until last year, the estate of New Jersey took advantage of the absence of online betting in New York, just as Iowa has done with much of the gaming income that Nebraska cannot enjoy. All thanks to the fact that Iowa is one of the first to approve online casinos and sportsbooks.
Knowing this, are there any sportsbooks that want to come to Nebraska? Well, yes, there are. Two major sportsbooks like DraftKings and FanDuel are looking to fill the gap in the state. These companies, at the moment, only offer fantasy sports to Nebraska residents. One point in their favor is that the population of the state already knows them. Therefore, when they approve online betting in Nebraska and legalize sportsbooks, these companies are going to be several steps ahead of the competition.
However, there are other excellent sports betting operators looking to expand their market dominance in this state. Highly regarded sportsbooks such as BetMGM, Caesars Sportsbook, and BetRivers can also receive licenses to operate.
When will we know the full list?
We still can’t say which sportsbooks will be approved. LB 561 does not provide additional sports betting licenses or skins. Not even for mobile operators associated with or tied to retail casinos.
What do we mean by this? Well, possibly each casino can only be associated with one sportsbook. So instead of having dozens of online and on-site betting operators in Nebraska, there may only be 6.
Nebraska Legal Sports Betting
Since the legalization of sportsbooks in Nebraska may still take a few months, and online betting takes even longer, there are still those who continue to consult some abroad. There are even those who take risks with illegal sportsbooks. Sportsbooks in Nebraska will be overseen by the new “Nebraska Gaming Commission.” This will be the regulatory body that will investigate each applicant operator. Of course, you will also make sure that they provide fair betting.
Because illegal and foreign sportsbook operations will not be protected by the state of Nebraska. Therefore, the information and funds you give them will be susceptible to theft, either by the operator or by hackers. Nothing to do with the peace of mind that the new legal sportsbooks in Nebraska will offer.
Put your money in a safe place. Don’t despair, the best sportsbooks on the market will be with you very soon. These will be legal and with much better bets.
What happens to online betting in Nebraska?
The law in Nebraska is pretty clear that online betting is still illegal. As a matter of fact, any form of gambling not specifically authorized by the state is illegal. In this regard, keep in mind the following:
- Gambling less than $500.00 in one day is considered a misdemeanor.
- If they bet $500.01 or more, it will be considered: Promoting the Game in the Second Degree.
This section of “Promoting Gambling in the Second Degree” only seems to carry penalties for the operators.
The law requires the state to return any money that was used for illegal gambling. Furthermore, this law stipulates that you cannot even place bets online at sportsbooks that operate in a state where betting is legal. This, of course, if you do it while physically in Nebraska.
Nebraska Sports Betting Revenue
As we said, Nebraska is not one of the most populous states in the United States. This, in addition to the few sports betting options, limits the amount of revenue that the state government can bring in. However, it will always be an extra income, regardless of the amount.
It may not be as much as Iowa (the neighboring state with which Nebraska shares Omaha, the most populous city) and which has been able to rake in $13 million in revenue online and in person. However, it is possible that it reaches or approaches the $10 million per month that the state of New Jersey collects.
Of course, it is almost impossible for Nebraska to reach this sum without legalizing online betting. As we said recently, they are still illegal. However, we will always be talking about millions of dollars each month. Especially when talking about the very popular sportsbooks DraftKings, BetMGM, FanDuel, Caesars among others.
So, without online betting Nebraska will earn millions each month, this income could triple when this method of betting is legalized in the state.
What is the future of online betting in Nebraska?
The 6 casinos have not yet opened their doors to the public. Therefore, that step forward toward online betting in Nebraska is still missing. However, when we look at the chronology of actions taken on sports betting and gaming in the state, we can see that everything indicates that progress is being made in that direction. And they are not short steps, but long and firm.
However, this is still at least a year away. First, the state has to see how the retail industry develops. At the moment, we can only wait for the legalization of the new sportsbook to bet in person. Then it will be time for online betting, I’m sure.