New Rules Allow Betting On Non-Sports Events
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You may soon be able to bet on anything from the outcome of next year’s presidential election to who will win an Academy Award. The “Las Vegas Sun” says the Nevada Gaming Commission revised its rules last week, to allow betting on non-sporting events at the state’s casinos. The new regulation requires sports books to prove a non-sports event can be, quote, “effectively supervised” and “verifiable,” and the outcome would not be affected by wagering. For years, Wynn Las Vegas oddsmaker Johnny Avello has posted odds on the Oscars, but they were just for fun. Whether you can be on whether “The King’s Speech” or “The Social Network” will take home an award for Best Picture will be up to the resort, but supporters say the new rule will generate additional revenues for Nevada casinos, and allow wagers on such events as bowling tournaments, the annual World Series of Poker, and even who will become the next American Idol.