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Gambling on Nevada College Games Debated1 February 2001CARSON CITY, Nevada – Feb. 1, 2001 – As reported by the Associated Press: "The state Gaming Commission's recent decision to lift a long-standing ban on gambling on Nevada college sports teams was questioned Wednesday during a legislative budget hearing. "As Senate Finance and Assembly Ways and Means members reviewed the proposed budget for the state's casino regulatory programs, Sen. Bob Coffin asked whether the decision had been carefully thought out. "Coffin, D-Las Vegas, said he could see problems with students placing bets on games in which friends and even roommates are participating "…Dennis Neilander, chairman of the state Gaming Control Board, said he understood Coffin's concerns but that the regulators' decision would allow for better oversight. "…Without the legal betting on Nevada college sports, Neilander said illegal wagers on the games would occur anyway -- and his agents wouldn't have the same easy access to betting information. "The new rules mean that for the first time since the 1950s betting will be allowed on games played by UNLV and the University of Nevada, Reno, and on games played by other college teams in Nevada. "…It didn't limit the size of bets that a bettor can place on college games, but set a $3,000 reporting threshold and ordered casinos to identify and report any unusual wagers by individuals or groups…" |