Nebraska is taking big steps to pave the way for online sports betting, in line with the national growth toward digital wagering. Though retail sports betting is already legal in the state, proposed legislation has the potential to reshape its gambling landscape. But by implementing online betting, the state of Nebraska is looking to increase tax revenues, halt illegal wagering and offer a new option for bookies and bettors.
Legislative Bill 13: Nebraska’s Attempt to Legalize Online Sports Betting
Senator Eliot Bostar sponsored Legislative Bill 13, which would modify the Nebraska constitution to permit racetrack operators to offer online sports betting under the Nebraska Racetrack Gaming Act. That would mark a significant departure from the current retail-only model, creating opportunities for mobile and digital wagering platforms.
The measure also would allow wagering on in-state college teams. But some restrictions would remain in place. For example, wagers on player props bets for Nebraska college athletes and bets on games in progress involving local teams would still be banned. No bets on athletes under the age of 18 will also be permitted.
This legislation has received support from Governor Jim Pillen as well. He said that illegal betting online now occurs within the state and that Nebraska is losing tax revenue to neighboring states that allow online wagering. Legalizing online sports betting would bring these activities above board and generate needed revenue.
Economic Implications of Legalizing Sports Betting
A key objective of the proposed legislation is to provide a new source of state funding. For example, 90% of the tax revenues from online sports betting would be immediately deposited into Nebraska’s Property Tax Credit Cash Fund that gives property tax relief to Nebraska residents. With legalizing online sports betting becoming a sound business decision, the need to help local economies grow through online betting services is the main context.
Besides LB13, Senator Carol Blood also has LB6, a bill that would legalize fantasy sports under the Fantasy Contests Act. It would authorize paid-entry fantasy contests across the state, with a $10,000 registration fee and 6 percent a year renewal fee based on gross gaming revenue. This changes the model from the typical practice seen elsewhere where other states charge a licensing fee.
What Does Legalization Mean for Pay Per Head Bookies?
Nebraska’s legalization of online sports betting opens new opportunities to PPH bookies. With the onset of digital betting, it facilitates bookies to expand their market to entice more players via bit betting apps & sites.
VIP Pay Per Head and similar platforms provide independent bookies with the resources they need to thrive in this growing market. Between real-time odds, personalized sites, live betting, and secure payment processing, bookies better engage bettors for a high professional experience.
Partnering with a trusted PPH provider allows card – bookies in Nebraska to scale their operations quickly and respond to the demands of today’s digitally-savvy bettors.
Nebraska's Betting Future Looks Bright
With Nebraska in the midst of legalizing online sports betting, a landscape is forming that promises change. But the proposed legislation would create new revenue and tax relief, while also bringing illegal wagering into a legal, regulated environment. The opportunity for bookies, particularly those using PPH services, to expand and diversify their businesses has never been greater.
Having the correct platform and strategy will be vital for anyone entering or looking to grow within Nebraska’s digital betting market.
